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Article: Imperial Credit Commercial Mortgage Investment Corp. Announces Quarterly Dividend
- Article from:
- PR Newswire
- Article date:
- June 25, 1998
CopyrightCOPYRIGHT 1998 PR Newswire Association LLC. 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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LOS ANGELES, June 25 /PRNewswire/ -- Imperial Credit Commercial Mortgage Investment Corp. (Nasdaq: ICMI) today announced that its Board of Directors has declared a cash dividend of $0.28 per share of Common Stock for the quarter ending June 30, 1998. The dividend will be payable on July 23, 1998 to shareholders of record at the close of business on July 9, 1998.
"We are pleased that we have acquired additional mortgage loan investments as well as income-producing real estate assets meeting our risk-adjusted yield requirements," said Mark S. Karlan, President and CEO of the Company. "Our pipeline of investment opportunities continues to grow, and we have strengthened ...