Bluerock Residential Growth REIT (BRG) Announces First Quarter Dividends on Common Stock, 7.625% Series C Cumulative Redeemable Preferred Stock, and 7.125% Series D Cumulative Preferred Stock
Bluerock Residential Growth REIT (NYSE American: BRG) has declared quarterly cash dividends for the first quarter of 2021. Shareholders will receive $0.1625 per share for Class A and Class C common stocks, payable on April 5, 2021, to those on record as of March 25, 2021. Additionally, dividends for preferred stocks include $0.4765625 for the Series C and $0.4453125 for the Series D, also payable on April 5. The company aims to generate value through strategic transactions and property enhancements.
- Declared dividends demonstrate consistent income for shareholders.
- Dividends of $0.1625 enhance shareholder confidence.
- Inclusion in Russell 2000 and Russell 3000 Indexes indicates stability.
- None.
NEW YORK, March 12, 2021 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) (the "Company") today announced that its Board of Directors has authorized and the Company has declared quarterly cash dividends on the Company's Class A common stock (the "Class A Common Stock") and the Company's Class C common stock (the "Class C Common Stock") for the first quarter of 2021, in each case in the amount of
The Common Dividends, the Series C Preferred Dividend and the Series D Preferred Dividend will each be payable in cash on Monday, April 5, 2021 to Class A Common stockholders, Class C Common stockholders, Series C Preferred stockholders and Series D Preferred stockholders of record (respectively) as of Thursday, March 25, 2021.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE American: BRG) is a real estate investment trust that focuses on developing and acquiring a diversified portfolio of institutional-quality highly amenitized live/work/play apartment communities in demographically attractive knowledge economy growth markets to appeal to the renter by choice. The Company's objective is to generate value through off-market/relationship-based transactions and, at the asset level, through value add improvements to properties and to operations. The Company is included in the Russell 2000 and Russell 3000 Indexes. BRG has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes.
For more information, please visit the Company's website at www.bluerockresidential.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company's present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, the Company's actual results and performance could differ materially from those set forth in these forward-looking statements due to numerous factors. Currently, one of the most significant factors is the potential adverse effect of the COVID-19 pandemic on the financial condition, results of operations, cash flows and performance of the Company and its tenants, partners and employees, as well as the real estate market and the global economy and financial markets. The extent to which COVID-19 impacts the Company and its tenants, partners and employees will depend on future developments, which are highly uncertain and cannot be predicted with confidence, including the scope, severity and duration of the pandemic, the actions taken to contain the pandemic or mitigate its impact (including governmental actions that may vary by jurisdiction, such as mandated business closing; stay-at-home orders; limits on group activity; and actions to protect residential tenants from eviction), and the direct and indirect economic effects of the pandemic and containment measures, including national and local employment rates and the corresponding impact on the Company's tenants' ability to pay their rent on time or at all, among others. For further discussion of the factors that could affect outcomes, please refer to the risk factors set forth in Item 1A of the Company's Annual Report on Form 10-K filed by the Company with the U.S. Securities and Exchange Commission ("SEC") on February 23, 2021, and subsequent filings by the Company with the SEC. We claim the safe harbor protection for forward looking statements contained in the Private Securities Litigation Reform Act of 1995.
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SOURCE Bluerock Residential Growth REIT, Inc.
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