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Article: Wells Real Estate Investment Trust (REIT) Increases Annualized Dividend to 7.75% for the Fourth Quarter of 2001.
- Article from:
- PR Newswire
- Article date:
- September 13, 2001
CopyrightCOPYRIGHT 2001 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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ATLANTA, Sept. 13 /PRNewswire/ --
Wells Real Estate Investment Trust (REIT) announced today that its Board of Directors has approved an annualized quarterly cash dividend of 7.75% for the fourth quarter of 2001, up from 7.50% last quarter. This annualized dividend rate is payable in December 2001 and is calculated on a daily basis to shareholders of record each day from September 16, 2001, through December 15, 2001. Wells also offers a Dividend Reinvestment Program to all REIT shareholders.
While interest rate cuts have forced CD and bond yields lower and stock dividend yields have fallen to their lowest levels in nearly 60 years, the Wells REIT, which ...