Reckson's numbers.Reckson Associates Realty realty n. a short form of "real estate." (See: real estate) REALTY. An abstract of real, as distinguished from personalty. Realty relates to lands and tenements, rents or other hereditaments. Vide Real Property. Corp. announced that its board of directors has declared quarterly cash dividends on its common stock and its Series a preferred stock Stock shares that have preferential rights to dividends or to amounts distributable on liquidation, or to both, ahead of common shareholders. Preferred stock is given preference over common stock. Holders of preferred stock receive dividends at a fixed annual rate. . The board has declared a quarterly cash dividend on the company's common stock of $.4246 per share, payable in July July: see month. 20 to its stockholders of record as of July 7, 2004. The dividend is based 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. dividend rate of $1.6984 per share. The board has also declared a quarterly cash dividend on the company's Series A preferred stock in the amount of $.4766 per share. |
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