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Article: Dividend Capital Total Realty Trust Announces Increase to Quarterly Dividend; Company Also Announces Fee Reduction.
- Article from:
- Business Wire
- Article date:
- September 21, 2006
CopyrightCOPYRIGHT 2006 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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DENVER -- Dividend Capital Total Realty Trust Inc. announced today that its Board of Directors has increased its quarterly dividend for the fourth quarter 2006 to $0.15 per share, up from $0.1375 for the third quarter 2006. The $0.15 per share dividend equates to an annualized yield of 6.0% based on the company's $10.00 share price.
"Based on our successful deployment of capital into high quality direct real estate and real estate securities, as well as a strong pipeline of potential acquisitions, our Board of Directors felt that an increase to the dividend made sense for our shareholders," said John Blumberg, chairman of Dividend Capital Total Realty Trust. "The ...