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NORTH MIAMI BEACH, FL-Equity One Inc., a locally based shopping center REIT, has declared a second-quarter cash dividend of 28 cents per common share of its common stock. The dividend, for the period ended June 30, is payable on June 30 to stockholders of record June 16.

Equity One also ended its annual shareholders’ meeting considering the proposal to amend the company’s 2000 Executive Incentive Compensation Plan. The amendment is scheduled to be reconsidered when the meeting continues July 28 at the Shops of Skylake in North Miami Beach.

Publicly traded Equity One owns, develops, renovates and manages community and neighborhood shopping centers that are anchored by regional and national supermarket chain as well as other necessity retailers, including discount retailers and drug stores. The company’s portfolio consists of 21 million sf in 191 properties mainly in southern U.S. metropolitan areas. Its properties include 128 shopping centers anchored by supermarkets, 11 anchored by drug stores and 46 anchored by other retailers, among others.

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