Gyrodyne Co of America (GYRO) Declares $9.25 Special Dividend; 33% Yield
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Gyrodyne Declares $9.25 Per Share Special Dividend
May 26, 2016 2:30 PM EDTST. JAMES, N.Y., May 26, 2016 /PRNewswire/ -- Gyrodyne, LLC (NASDAQ: GYRO), an owner and manager of a diversified portfolio of real estate properties ("Gyrodyne"), announced today that its Board of Directors has declared a special cash dividend in the amount of $13,714,790 or $9.25 per share. The dividend consists of net proceeds from the recently consummated sale of Gyrodyne's Fairfax Medical Center in Fairfax, Virginia and the sale of two buildings in the Port Jefferson Professional Park. The dividend is payable on June 15, 2016 to shareholders of record as of June 6, 2016.Â
At $9.25 per share, the... More
