trending Market Intelligence /marketintelligence/en/news-insights/trending/_PX4-cydZRrbjEzjlq-nbA2 content esgSubNav
In This List

Bluerock Residential sets 2018 dividend rate

Blog

Using ESG Analysis to Support a Sustainable Future

Video

S&P Capital IQ Pro | Powered by Expert Insights

Blog

Q&A: Streamlining Analytics for TCFD Reporting

Blog

Evergrande and the wider impact: a sentiment analytics based perspective


Bluerock Residential sets 2018 dividend rate

Bluerock Residential Growth REIT Inc. set its 2018 class A common stock dividend rate at 65 cents per share and declared a quarterly cash dividend of 16.25 cents per class A common share for the first quarter of 2018.

The company said the new dividend rate aligns with its projected range disclosed in August and reflects a 6.4% annual yield on its Dec. 20 closing stock price of $10.10 per share on the NYSE American. The company said its board considered various factors in setting the new rate, including achieving a sustainable dividend covered by its current recurring adjusted funds from operations.

Bluerock also changed its dividend payment schedule to quarterly from monthly to align with industry standards.

The 2018 first-quarter dividend is payable in cash April 5, 2018, to class A common stockholders of record as of March 23, 2018.