Boston Properties Increases Regular Quarterly Dividend by 6.7%
BOSTON--(BUSINESS WIRE)--Dec. 18, 2017--
Properties, Inc. (NYSE: BXP), the largest public owner and developer
of office buildings in the United States, announced today that its Board
of Directors declared a regular quarterly cash dividend of $0.80 per
share of common stock for the period October 1, 2017 to December 31,
2017 payable on January 30, 2018 to shareholders of record as of the
close of business on December 29, 2017. This represents an increase of
6.7%, or $0.05 per share, over the most recent quarterly cash dividend
of $0.75 per share.
The Board of Directors also declared a regular quarterly cash dividend
for the Company’s 5.25% Series B Cumulative Redeemable Preferred Stock
(the “Series B Preferred Stock”). The cash dividend of $0.328125 per
depositary share is payable on February 15, 2018 to shareholders of
record as of the close of business on February 2, 2018 and covers the
period from November 16, 2017 to February 15, 2018. Each depositary
share represents 1/100th of a share of Series B Preferred Stock.
Boston Properties is a fully integrated real estate investment trust
that develops, redevelops, acquires, manages, operates and owns a
diverse portfolio of primarily Class A office space totaling 49.8
million square feet and consisting of 166 office properties (including
seven properties under construction), five retail properties, five
residential properties (including three properties under construction)
and one hotel. The Company is one of the largest owners and developers
of Class A office properties in the United States, concentrated in five
markets - Boston, Los Angeles, New York, San Francisco and Washington,
For more information about Boston Properties, please visit the Company’s
web site at www.bostonproperties.com.
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Source: Boston Properties, Inc.
Boston Properties, Inc.
Mike LaBelle, 617-236-3352
Chief Financial Officer
Investor Relations Manager