BRE Properties, Inc. Declares Third Quarter Dividend of $.345 per Common Share; San Francisco-Based REIT Extends Dividend Payments to 108 Consecutive Quarters.SAN FRANCISCO--(BUSINESS WIRE)--Aug. 25, 1997--The Board of Directors of BRE (Business Rules Engine) Software that automates policies and procedures within an organization, whether legal, internal or operational. The use of a rules engine (BRE) requires placing the company rules in an external repository that can be easily reviewed rather than Properties, Inc. (NYSE NYSE See: New York Stock Exchange :BRE) today declared a regular quarterly dividend of $.345 per common share, payable Sept. 25, 1997, to shareholders of record Sept. 5, 1997. The quarterly dividend of $.345 per share is equivalent to $1.38 per share on an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis. Frank C. McDowell Mc·Dow·ell , Ephraim 1771-1830. American surgeon who performed (1809) the first recorded ovariotomy. , president and chief executive officer of BRE, stated, "BRE's Board and I are pleased to continue the consecutive cash dividends paid to our fellow shareholders since the Company's founding in 1970. This dividend represents the 108th such payment and is 4.5% above the level for the comparable quarter a year ago." BRE Properties is a self-administered, self-managed and fully integrated equity real estate investment trust focusing on the ownership and management of multifamily properties in the Western United States Noun 1. western United States - the region of the United States lying to the west of the Mississippi River West Santa Fe Trail - a trail that extends from Missouri to New Mexico; an important route for settlers moving west in the 19th century . BRE owns 55 apartment communities totaling 13,235 units in nine major markets in California, Arizona, Washington, Oregon and Nevada. CONTACT: BRE Properties, Inc. Lauren L. Barr, 415/445-6523 |
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