AIV - Apartment Investment and Management Dividends

DENVER (AP) -- Real estate investment trust Apartment Investment and Management Co. said its board declared a special dividend of $2.08 per share, or $221 million in total.

The company said late Thursday that the dividend will be payable on Jan. 29, 2009, to shareholders of record on Dec. 29.

Part of the dividend, 60 cents per share, represents an accelerated payment of the fourth-quarter 2008 cash dividend that normally would have been paid in February. The remaining $1.48 per share is an additional dividend payment related to taxable gains from property sales this year.

The special dividend will be payable in a combination of cash and additional shares of common stock.

 

Dividend Announcements are information derived from iMOBHQ investment research.  Several sources of information where used at the time of research,

 

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