EdR (NYSE:EDR), one of the nation’s largest developers, owners and managers of collegiate housing, today announced its board of directors has approved a quarterly cash dividend of $0.10 per share of common stock. The dividend will be payable August 15, 2012 to shareholders of record as of July 31, 2012.
With this dividend increase, the annualized dividend of $0.40 per share represents a 3.5% yield based on the closing price of EdR stock on July 16, 2012.
EdR (NYSE:EDR) is one of America's largest owners, developers and managers of collegiate housing. A self-administered and self-managed real estate investment trust, EdR owns or manages 62 communities in 23 states with more than 34,600 beds within more than 11,200 units. For more information, please visit the company's web site at
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