Interesting action in First Potomac Realty Trust (FPO) which reverses an opening dive following...

|About: First Potomac Realty Trust (FPO)|By:, SA News Editor

Interesting action in First Potomac Realty Trust (FPO) which reverses an opening dive following a dividend cut and changes to its strategic plan. The owner of D.C. properties plans to jettison its industrial holdings to focus on its office buildings. The dividend is slashed 25% to $0.15/quarterly (dividend was $0.34 4 years ago). (PR)