Stephen L. Green, chairman and CEO of the firm, described theincrease as "a clear expression of our confidence in the futuregrowth in cash flows from our real estate portfolio and continuingimprovement in the financial performance of our company. The boardhas a very strong belief that shareholders should participate inthe company's profitability growth, which was demonstrated by theincrease."
The company also declared a dividend on Series A preferred stockfor the quarter of $0.50 per share that amounts to an annualizeddistribution of $2.00 per share.
SL Green is a self-administered, self-managed real estateinvestment trust that specializes in class B Manhattan officeproperties.
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