Gramercy resumes preferred payments


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.

Comments (6)
  • DeepValueLover
    , contributor
    Comments (11325) | Send Message
     
    ...and the common dividend rate?
    11 Dec 2013, 09:02 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11441) | Send Message
     
    Small enough that they can keep it going and keep it growing.
    11 Dec 2013, 09:29 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11325) | Send Message
     
    Chris,

     

    Hopefully not TOO small.

     

    As a C and BAC holder I won't be angry at a REAL dividend coming back.

     

    :)
    11 Dec 2013, 11:28 AM Reply Like
  • Chris DeMuth Jr.
    , contributor
    Comments (11441) | Send Message
     
    I would do $0.05, but won't be astonished if they start at $0.03 or $0.04.
    11 Dec 2013, 11:35 AM Reply Like
  • DeepValueLover
    , contributor
    Comments (11325) | Send Message
     
    Well, its good news whatever the dividend is!
    11 Dec 2013, 04:15 PM Reply Like
  • Qniform
    , contributor
    Comments (4567) | Send Message
     
    Nice info flow. Also nice they held up among REITs.
    11 Dec 2013, 05:48 PM Reply Like
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