CHICAGO, Dec. 15 /PRNewswire/ -- General Growth Properties, Inc.
(NYSE: GGP) announced today that it has increased its dividend for the eighth
consecutive year. Since its initial dividend of $0.37, General Growth has
increased its dividend to $0.53 per share. The increased dividend of
$0.53 per share will be payable to common stock holders of record on
January 5, 2001, with payment on January 31, 2001. The current dividend
represents an increase of 3.9% over the previous dividend of $0.51 per share,
and a new annualized dividend rate of $2.12 versus the former annualized
dividend of $2.04.
Also declared today was the Preferred Income Equity Redeemable Stock,
Series A ("PIERS") Depositary Shares dividend for the fourth quarter of 2000,
in the amount of $0.4531 per share, payable to preferred stock (depositary
shares) holders of record on January 5, 2001, with payment on January 15,
2001.
General Growth Properties is one of the oldest and most experienced
shopping center owners, developers and managers in the United States. It
currently has ownership interests in, or management responsibilities for,
137 shopping malls in 37 states, encompassing more than 116 million square
feet. For more information, visit the company websites at
http://www.generalgrowth.com or http://www.mallibu.com .
SOURCE General Growth Properties, Inc.
 back to top
Related links:
http://www.generalgrowth.com
Photo Notes:http://www.newscom.com/cgi-bin/prnh/19990208/CGM015
PR Newswire Photo Desk, 888-776-6555 or 201-369-3467
Company News On-Call:
http://www.prnewswire.com/comp/110740.html or fax,
800-758-5804, ext. 110740
CONTACT:
John Bucksbaum of General Growth Properties,
Inc., 312-960-5005
|
