CHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE:EQR), today announced that the company declared dividends on its common and preferred shares.

The quarterly common share dividend of $0.4825 per share will be paid on July 10, 2009 to shareholders of record on June 15, 2009.

The following regular quarterly dividends will be paid on the company's preferred/depositary shares:

Series  Record Date    Payment Date     Amount/Share

E       June 15, 2009  July 1, 2009     $ 0.4375

H       June 15, 2009  June 30, 2009    $ 0.4375

K       June 15, 2009  June 30, 2009    $ 1.03625

N       June 15, 2009  July 15, 2009    $ 0.405

Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 537 properties totaling 146,224 units. For more information on Equity Residential, please visit our website at www.equityresidential.com.