Bay Apartment Communities declares fourth quarter dividend.SAN JOSE San Jose, city, United States San Jose (sănəzā`, săn hōzā`), city (1990 pop. 782,248), seat of Santa Clara co., W central Calif.; founded 1777, inc. 1850. , Calif.--(BUSINESS WIRE)--Dec. 19, 1994--The board of directors of Bay Apartment Communities (NYSE NYSE See: New York Stock Exchange :BYA) has declared a dividend of 38 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. of common stock for the fourth quarter ended Dec. 31, 1994. The dividend is payable Jan. 17, 1995, to shareholders of record on Dec. 29, 1994. The dividend is equivalent to the $1.52 annual dividend anticipated in the company's initial public offering. Bay Apartment Communities is a fully integrated multifamily real estate investment trust that focuses on the acquisition, development and management of high quality apartments in Northern California Northern California, sometimes referred to as NorCal, is the northern portion of the U.S. state of California. The region contains the San Francisco Bay Area, the state capital, Sacramento; as well as the substantial natural beauty of the redwood forests, the northern . The company owns and manages 22 apartment communities containing more than 5,000 apartment homes in the San Francisco Bay Area “Bay Area” redirects here. For other uses, see Bay Area (disambiguation). The San Francisco Bay Area, colloquially known as the Bay Area or The Bay and Northern California. Bay Apartment Communities completed an initial public offering of approximately 10.8 million shares of common stock at $20 per share on March 17, 1994. CONTACT: Bay Apartment Communities, San Jose Gilbert M. Meyer, 408/983-1500 |
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