Bedford Property Investors Inc. Declares First Quarter Dividend.LAFAYETTE, Calif.--(BUSINESS WIRE)--March 19, 1997--Bedford Property Investors Inc. (NYSE NYSE See: New York Stock Exchange :BED), today announced its first quarter dividend of $0.26 per share. The Board of Directors declared a first quarter dividend of $0.26 per share, payable April 15, 1997, to stockholders of record as of March 30, 1997. This is an 8 percent increase over the dividend declared in the first quarter of 1996. Bedford Property Investors is a self-administered equity real estate investment trust (REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). ) with investments in suburban office buildings and industrial properties concentrated 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 . It is traded on the New York and Pacific Stock Exchanges under the symbol "BED." CONTACT: Bedford Property Investors Inc. Peter B. Bedford, 510/283-8910 Chairman of the Board and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Donald A. Lorenz, 510/283-8910 Executive Vice President and CFO See Chief Financial Officer. |
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