PREIT announced that its Board of Trustees has declared a quarterly cash dividend of $0.02 per common share. The dividend is payable on June 15, 2020 to common shareholders of record on June 1, 2020. The June 15th dividend payment will be the Company’s 173rd consecutive distribution since its initial dividend paid in August of 1962.
The Company also announced today that its Board of Trustees has declared quarterly cash dividends of $0.4609375 per share on its 7.375% Series B Cumulative Redeemable Perpetual Preferred Shares, $0.450000 per share to holders of its 7.20% Series C Preferred Shares, and $0.4296875 per share to holders of its 6.875% Series D Preferred Shares. These dividends are payable on June 15, 2020 to holders of record on June 1, 2020.