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SL Green Realty Cuts Dividend, Shares Fall

Stock quotes in this article: SLG , BXP  

Slashing dividends at real-estate trusts is the hot new thing to do; today, SL Green Realty(SLG Quote) got with the trend.

The company announced that it cut its quarterly dividend to 10 cents a share, or 40 cents on an annual basis, from 37.5 cents a share, or $1.50 a year, following the completion of the public offering of its common stock.

The news sent shares falling 5% in after-market trading to $22.02. ...

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