Alexander Haagen Properties declares regular dividend.MANHATTAN BEACH Manhattan Beach, city (1990 pop. 32,063), Los Angeles co., S Calif., on Santa Monica Bay; inc. 1912. It is a residential and beach community with an oil refinery and nearby factories that produce transportation and electrical equipment, computers, and pottery. Manhattan State Beach is there., Calif.--(BUSINESS WIRE)--Nov. 20, 1996-- The board of diretors of Alexander Haagen Properties Inc. (ASE:ACH) has declared its regular dividend of 36 cents per share for the fourth quarter of 1996 payable Jan. 20, 1997, to shareholders of record Dec. 31, 1996. At the Nov. 19, 1996 share price of $14.375, the dividend yield is 10.02 percent, with a return of capital component of approximately 50 percent. Alexander Haagen Properties, a fully-integrated, self-managed real estate investment trust, is a leading developer, owner and manger of retail shopping centers, primarily in Southern California. The company owns or controls 38 properties, including two regional malls, eight promotional/power centers, 14 neighborhood/community shopping centers and 14 single-tenant facilities. CONTACT: Alexander Haagen Properties Inc., Manhattan Beach Fred Bruning/Stuart Gulland, 310/546-4520 |
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