ROCHESTER, N.Y., Oct. 26 /PRNewswire-FirstCall/ -- Home Properties (NYSE: HME) today declared a regular cash dividend on the Company's common shares of $0.58 per share for the quarter ended September 30, 2010. The dividend is payable on November 23, 2010 to shareholders of record on November 12, 2010 and is equivalent to an annualized rate of $2.32 per share. The current annual dividend represents a 4.2% yield based on yesterday's closing price of $55.42. Home Properties' common stock will begin trading ex-dividend on November 9, 2010.
Home Properties is a publicly traded apartment real estate investment trust that owns, operates, develops, acquires and rehabilitates apartment communities primarily in selected Northeast and Mid-Atlantic markets. Currently, Home Properties owns 115 communities containing 38,630 apartment units. For more information, visit Home Properties' website at homeproperties.com.
SOURCE Home Properties