IRET Announces Distributions for the 4th Quarter of Calendar Year 2020

Rhea-AI Summary

On December 4, 2020, IRET announced its quarterly distribution of $0.70 per share, payable on January 15, 2021, to shareholders of record as of January 4, 2021. This marks IRET's 50th consecutive year of dividends since 1971. Additionally, a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (IRET PRC) will be payable on December 31, 2020, to holders of record as of December 15, 2020. IRET continues to focus on apartment community ownership and management.

Positive

• Consistent dividend payment for 50 years, indicating strong financial health.
• Quarterly distributions maintained for both common and preferred shares.

Negative

• None.

MINNEAPOLIS, Dec. 4, 2020 /PRNewswire/ -- NYSE: IRET. IRET's Board of Trustees declared a regular quarterly distribution of $0.70 per share/unit, payable on January 15, 2021, to common shareholders and unitholders of record at the close of business on January 4, 2021.  IRET has paid cash every quarter since its initial dividend in 1971. 2021 will mark IRET's 50^th consecutive year of paying dividends to its common shareholders and unitholders.

The Board of Trustees also declared a distribution of $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares (NYSE: IRET PRC), payable on December 31, 2020, to holders of record at the close of business on December 15, 2020.  Series C preferred share distributions are cumulative and payable quarterly in arrears at an annual rate of $1.65625 per share.

About IRET
IRET is a real estate company focused on the ownership, management, acquisition, redevelopment, and development of apartment communities.  Currently, we own interests in 67 apartment communities consisting of 11,910 apartment homes. IRET's common shares and Series C preferred shares are publicly traded on the New York Stock Exchange (NYSE symbols: "IRET" and "IRET PRC," respectively). IRET's press releases and supplemental information are available on its website at www.iretapartments.com or by calling Investor Relations at 701-837-7104.

Contact Information
Emily Miller
Investor Relations
Phone: 701-837-7104
E-mail: IR@iret.com

 

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SOURCE IRET

FAQ

What is IRET's latest dividend announcement?

IRET announced a quarterly distribution of $0.70 per share payable on January 15, 2021.

When will IRET pay its preferred share dividends?

IRET will pay $0.4140625 per share on the 6.625% Series C Cumulative Redeemable Preferred Shares on December 31, 2020.

How long has IRET been paying dividends?

IRET has paid dividends every quarter since 1971, marking 50 consecutive years.

What are the record dates for IRET's dividends?

The record date for the common share distribution is January 4, 2021, and for the preferred shares, it is December 15, 2020.