BOSTON, Oct. 31 /PRNewswire/ -- The Board of Directors of Beacon
Properties Corporation (NYSE: BCN) today declared a quarterly dividend of
46.25 cents per share, payable November 22, 1996, to shareholders of record as
of November 8, 1996.
The payment covers the third quarter ended September 30, 1996. Beacon
stock will begin trading ex-dividend on November 6, 1996.
The dividend declared today is the second consecutive quarterly payment of
46.25 cents. Beacon declared a 10.1 per cent increase to 46.25 cents in July
1996.
Beacon Properties Corporation is a self-administered and self-managed real
estate investment trust (REIT). One of the nation's largest office REITs,
Beacon currently owns or has an interest in 70 properties totaling
approximately 12.2 million square feet. The company specializes in property
acquisitions, management, leasing, design, construction and development.
Further information is available at the company's Internet site:
http://www.beaconproperties.com.
SOURCE Beacon Properties Corporation
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CONTACT: Monique Doyle Spencer of Beacon, 617-330-1400 or 617-730-4926
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