Associated Estates Raises Common Share Dividend
CLEVELAND, Dec. 6, 2012
CLEVELAND, Dec. 6, 2012 /PRNewswire/ --Associated Estates Realty Corporation
(NYSE, NASDAQ: AEC) announced today that a quarterly dividend of $0.19 per
share has been declared on the Company's common shares, payable February 1,
2013 to shareholders of record on January 15, 2013. The dividend represents a
5.6% increase over the prior $0.18 per quarter dividend.
"Strong fundamentals and solid results have positioned the Company to once
again raise the dividend," said Jeffrey I. Friedman, President and Chief
Associated Estates is a real estate investment trust ("REIT") and is a member
of the Russell 2000 and the MSCI US REIT Indices. The Company is headquartered
in Richmond Heights, Ohio. Associated Estates' portfolio consists of 52
properties containing 13,950 units located in ten states. For more information
about the Company, please visit its website at AssociatedEstates.com.
For more information, please contact:
SOURCE Associated Estates Realty Corporation
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