Sun Communities, Inc. Declares First Quarter 2021 Dividends

Rhea-AI Summary

Sun Communities, Inc. (NYSE:SUI) declared a quarterly cash distribution of $0.83 per share for Q1 2021, payable on April 15, 2021. This decision reflects the company’s ongoing commitment to reward its shareholders and strong performance within its portfolio of manufactured housing communities, RV resorts, and marinas. As of December 31, 2020, Sun Communities owned interests in 552 properties across 39 states and Ontario, Canada, comprising over 188,000 sites.

Positive

• Quarterly distribution of $0.83 per share demonstrates commitment to shareholders.
• Strong portfolio of 552 properties highlights extensive market presence.
• Over 188,000 developed sites indicates robust asset base.

Negative

• None.

Southfield, Michigan, March 05, 2021 (GLOBE NEWSWIRE) -- Sun Communities, Inc. (NYSE:SUI) (the “Company”), a real estate investment trust (“REIT”) that owns and operates or has an interest in manufactured housing communities, recreational vehicle resorts and marinas, today announced its Board of Directors declared a quarterly distribution of $0.83 per share of common stock for the first quarter of 2021. The distribution is payable April 15, 2021 to shareholders of record on March 31, 2021. 

About Sun Communities, Inc.

Sun Communities, Inc. is a REIT that, as of December 31, 2020, owned, operated, or had an interest in a portfolio of 552 developed MH, RV and marina properties comprising over 188,000 developed sites in 39 states and Ontario, Canada.

For Further Information at the Company:

Karen J. Dearing

Chief Financial Officer
(248) 208-2500
www.suncommunities.com

FAQ

What is the dividend amount for SUI in Q1 2021?

Sun Communities, Inc. declared a dividend of $0.83 per share for Q1 2021.

When will the SUI dividend be paid?

The dividend will be paid on April 15, 2021.

Who qualifies for the dividend from Sun Communities?

Shareholders of record on March 31, 2021, will qualify for the dividend.

How many properties does Sun Communities own?

As of December 31, 2020, Sun Communities owned or had an interest in 552 properties.

In which regions does Sun Communities operate?

Sun Communities operates in 39 states and Ontario, Canada.