BOSTON, Oct. 29 /PRNewswire/ -- The Board of Directors of Boston
Properties, Inc. (NYSE: BXP) today declared a dividend of $0.425 per share for
the period July 1, 1998 to September 30, 1998, payable on November 19, 1998 to
shareholders of record on November 9, 1998. The new dividend is an increase
of 2 cents over the previous amount of $0.405.
Boston Properties Chairman Mortimer B. Zuckerman commented, "The increased
quarterly dividend reflects the quality of our earnings growth and our
strategy to create value for our shareholders."
Boston Properties, Inc. is a fully integrated, self-administered and
self-managed real estate investment trust ("REIT") that develops, redevelops,
acquires, manages, operates and owns a diverse portfolio of office, industrial
and hotel properties predominantly located in Greater Boston; Greater
Washington, D.C.; Midtown Manhattan; Baltimore, Md.; Richmond, Va. and
Princeton/East Brunswick, N.J. The Company is one of the largest owners and
developers of office properties in the United States.
SOURCE Boston Properties, Inc.
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Related links:
http://www.bostonproperties.com
CONTACT:
Edward H. Linde, President, CEO, & Director,
or David G. Gaw, SVP & CFO, both of Boston Properties, Inc.,
617-859-2600; or Marianne Stewart, General, 212-661-8030, or
Claire Koeneman, Analyst, 312-266-7800, or Judith Sylk-Siegel,
Media, 212-661-8030, all of The Financial Relations Board
NOTE TO EDITORS: To receive Boston Properties' latest news and
corporate developments via fax at no cost, please call
800-PRO-INFO; use company code BXP. Visit the Company's web site
at http://www.bostonproperties.com. Also see
http://www.frbinc.com.
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