Gramercy resumes preferred payments

|About: Gramercy Property Trust,... (GPT)|By:, SA News Editor

Gramercy Property Trust (GPT) declares a catch-up dividend in the amount of $10.23524 per preferred share, representing all accrued and unpaid payouts on the stock from Oct. 2008 until Oct. 15, 2013.

The board declares quarterly preferred dividends of $0.50781 per share for the period from Oct. 15 through Jan. 14.

Management reiterates its intention to initiate common stock dividends in 2014 Q1.