Ramco's Dividend Stays the Same

SOUTHFIELD, MI-The shopping center REIT is paying a fourth quarter dividend of 42 cents per share on Jan. 15 to holders of record on Dec. 31, 2001.

By Robert Carr | Updated on December 06, 2001

SOUTHFIELD, MI-Ramco-Gershenson Properties Trust’s board of trustees have declared a fourth quarter dividend of 42 cents per share for the period Oct. 1 through Dec. 31, based on an annual dividend of $1.68 per share. The distribution will be paid Jan. 15 to shareholders of record on Dec. 31, 2001.

The company paid the same fourth quarter dividend in December 2000, as well as the same annual dividend that year. It announced increased revenues for the third quarter in October, but tempered that with the purchase of properties this year, which company officials said would lower funds received until 2003.

Ramco has a portfolio of 57 shopping centers, with 11.8 million sf of gross leasable area in Michigan, Ohio, Wisconsin, New Jersey, Maryland, Virginia, North Carolina, South Carolina, Tennessee, Georgia, Alabama and Florida.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

Dig Deeper

Recommended Stories

Shopify Counts on "Elastic" Logistics to Catch Amazon

Jack Rogers | March 21, 2023

Canadian e-commerce platform partners for last-mile delivery.

Monetary Tightening Could Shutter 186 Banks Says Study

Erik Sherman | March 21, 2023

The danger is not enough liquidity to satisfy all depositors in a bank run.

New York Community Bank Buys A Third of Signature's Assets

Jack Rogers | March 20, 2023

Forty banks branches convert to Flagstar brand in $2.7B deal brokered by FDIC

Resource Center

The travel industry experienced a critical disruption with the pandemic. This white paper explores the lingering effects of the pandemic, takes a closer look at evolving traveler behavior, and analyzes what the resulting impacts are on foot traffic and surrounding businesses.

White Paper

Sponsored by Placer Labs Inc.

Navigating a New Normal in Business Travel

The travel industry experienced a critical disruption with the pandemic. This white paper explores the lingering effects of the pandemic, takes a closer look at evolving traveler behavior, and analyzes what the resulting impacts are on foot traffic and surrounding businesses.

Browse More Resources ›

This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead.

Report

Sponsored by Placer Labs Inc.

The Retail Quarterly Index Report

This Q4 retail quarterly index report reveals how economic headwinds impacted key retail CRE categories during the critical holiday shopping season, and what their performance tells us about consumer behavior and brick-and-mortar retail in the year ahead.

Browse More Resources ›

Retailers faced a wide range of challenges in 2022. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023.

White Paper

Sponsored by Placer Labs Inc.

10 Top Retail Brands to Watch in 2023

Retailers faced a wide range of challenges in 2022. Yet, these 10 retail brands prove there are many untapped opportunities in the year ahead. Download this whitepaper to learn which top retail CRE brands are poised for big things in 2023.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2023 ALM Global, LLC. All Rights Reserved.