On its 8 ½% Series A cumulative redeemable preferred stock, the dividend is $1.06 per share; 47 ½ cents per share on the 7 5/8% Series B cumulative redeemable preferred stock; and 50 cents on the 8% Series D preferred units.
Dividends on the series A and B issues will be paid March 31 to holders of record on March 15. The Series D dividend will be paid June 1 to holders of record on May 15.
Net income and funds from operations were down for Post in both the fourth quarter and the full year, but revenue was up. Post generated fourth-quarter net income of $5.8 million or 15 cents per share and year-end net income of $2.7 million or seven cents per share. That performance compares with 2002 fourth-quarter net income of $9.6 million or 26 cents per share and year-end net income of $49.3 million or $1.33 per share.
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