Gyrodyne Co of America (GYRO) Declares $1.50 Special Dividend; 7.4% Yield
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Gyrodyne Declares $1.50 Per Share Special Dividend
August 29, 2016 3:31 PM EDTST. JAMES, N.Y., Aug. 29, 2016 (GLOBE NEWSWIRE) -- 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 $2,224,020 or $1.50 per share. The dividend consists of the net proceeds from the recently consummated sales of three additional buildings in the Port Jefferson Professional Park. The dividend is payable on September 15, 2016 to shareholders of record as of September 9, 2016.Â
Fred Braun III, President and CEO of Gyrodyne, said: This cash... More
