Aimco Increases Quarterly Common Dividend to $0.20 Per Share
DENVER--(BUSINESS WIRE)-- Apartment Investment and Management Company ("Aimco") (NYSE: AIV) announced today that its Board of Directors declared a quarterly cash dividend of $0.20 per share of Class A Common Stock for the quarter ended June 30, 2012. The increase is consistent with Aimcos Board of Directors intentions that were announced on May 11, 2012. On an annualized basis, this is a 67% increase compared to the dividends paid during 2011 and represents approximately 60% of projected 2012 Adjusted Funds from Operations. The second quarter 2012 dividend is payable on August 31, 2012, to stockholders of record on August 17, 2012.
Aimco is a real estate investment trust that is focused on the ownership and management of quality apartment communities located in the largest markets in the United States. Aimco is one of the countrys largest owners and operators of apartments, with 361 communities serving approximately 250,000 residents in 30 states, the District of Columbia and Puerto Rico. Aimco common shares are traded on the New York Stock Exchange under the ticker symbol AIV and are included in the S&P 500. For more information about Aimco, please visit our website at www.aimco.com.
Elizabeth Coalson, 303-691-4327
Vice President Investor Relations
Investor Relations, 303-691-4350
Source: AimcoCopyright Business Wire 2012