EPR Properties Declares First Quarter Dividend Increase of 5% Per Common Share
Company Anticipates Paying Future Dividends on Common Shares Monthly
KANSAS CITY, Mo.--(BUSINESS WIRE)-- EPR Properties (EPR) today announced that its Board of Trustees has declared a quarterly cash dividend of $0.79 per share for its common shares for the first quarter of 2013. The dividend is payable April 15, 2013 to shareholders of record on March 28, 2013. This dividend represents an annualized dividend of $3.16 per common share, an increase of 5.3% over prior year.
In addition, the Company anticipates paying dividends on its outstanding common shares on a monthly basis beginning in the second quarter of 2013. Accordingly, it is expected that the first monthly dividend will be payable on May 15, 2013 to common shareholders of record on April 30, 2013.
The Company also declared dividends on its three outstanding issues of preferred stock:
- 5.75% Series C Cumulative Convertible Preferred Shares (NYSE:EPRprC) dividend of $0.359375 per share payable April 15, 2013 to shareholders of record on March 28, 2013
- 9.00% Series E Cumulative Convertible Preferred Shares (NYSE:EPRprE) dividend of $0.5625 per share payable April 15, 2013 to shareholders of record on March 28, 2013
- 6.625% Series F Cumulative Redeemable Preferred Shares (NYSE:EPRprF) dividend of $0.4140625 per share payable April 15, 2013 to shareholders of record on March 28, 2013
About EPR Properties
EPR Properties is a specialty real estate investment trust (REIT) that invests in properties in select market segments which require unique industry knowledge, while offering the potential for stable and attractive returns. Our total investments exceed $3.2 billion and our primary investment segments are Entertainment, Recreation and Education. We adhere to rigorous underwriting and investing criteria centered on key industry and property level cash flow standards. We believe our focused niche approach provides a competitive advantage, and the potential for higher growth and better yields. Further information is available at www.eprkc.com.
Brian Moriarty, 1-888-EPR-REIT
Vice President - Corporate Communications
Source: EPR PropertiesCopyright Business Wire 2013