City Office REIT (CIO) Lowers Quarterly Dividend 36.2% to $0.15; 8.3% Yield

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Go back to City Office REIT (CIO) Lowers Quarterly Dividend 36.2% to $0.15; 8.3% Yield

City Office REIT Announces Dividends for First Quarter 2020

March 25, 2020 4:05 PM EDT

VANCOUVER--(BUSINESS WIRE)-- City Office REIT, Inc. (NYSE: CIO) (City Office or the Company) announced today that its Board of Directors has authorized a quarterly dividend amount of $0.15 per share of common stock and common unit of partnership interest for the first quarter of 2020. Additionally, the Board of Directors authorized a regular quarterly dividend of $0.4140625 per share of the Companys 6.625% Series A Cumulative Redeemable Preferred Stock. The dividends will be payable on April 24, 2020 to all stockholders and operating partnership unitholders of record as of the close of business on April 9, 2020.

As of March 24, 2020,... More