Weingarten Realty Investors (WRI) Declares $1.40 Special Dividend; 5% Yield

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Go back to Weingarten Realty Investors (WRI) Declares $1.40 Special Dividend; 5% Yield

Weingarten Realty Investors Declares Special Cash Dividend of $1.40 Per Share

December 11, 2018 4:16 PM EST

HOUSTON--(BUSINESS WIRE)-- Weingarten Realty Investors (NYSE: WRI) announced today that its Board of Trust Managers declared a special cash dividend of $1.40 per common share payable on December 27, 2018 to shareholders of record on December 21, 2018. This special dividend is a result of significant gains realized on dispositions of properties during 2018.

The Board of Trust Managers did not make any change in the Companys policy with respect to regular quarterly dividends.

To date in 2018, the Company has closed $512 million in dispositions. Currently, there is an additional $250 million of dispositions under contract,... More