United Dominion Realty Trust Declares Quarterly Dividends.RICHMOND, Va. -- United Dominion Realty Trust, Inc. (NYSE NYSE See: New York Stock Exchange : UDR UDR n abbr (BRIT) (= Ulster Defence Regiment) → fuerza de seguridad de Irlanda del Norte UDR (Brit) n abbr (= Ulster Defence Regiment) → ) today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the third quarter of 2006 in the amount of $0.3125 per share, payable on October 31, 2006, to common stock shareholders of record as of October 13, 2006. The October 31 dividend will be the 135th consecutive quarterly dividend paid by the Company. The Board of Directors also declared a regular quarterly dividend on its Series E 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. for the third quarter of 2006 in the amount of $0.3322 per share. The preferred dividend preferred dividend n. a payment of a corporation's profits to holders of preferred shares of stock. (See: preferred stock) is payable on October 31, 2006, to Series E preferred stock shareholders of record as of October 13, 2006. About United Dominion Realty Trust, Inc. United Dominion is the fourth largest apartment REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). , owning and operating apartment communities nationwide. The Company has raised the dividend each of the last 30 years. United Dominion is included in the S&P MidCap 400 Index. At June 30, 2006, the Company owned 74,753 apartment homes and had 1,357 homes under development. Additional information about United Dominion may be found on its Web site at www.udrt.com. Statements contained in this press release, which are not historical facts, are forward-looking statements, as the term is defined in the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. You can identify these forward-looking statements by the Company's use of words such as, "expects," "plans," "estimates," "projects," "intends," "believes," and similar expressions that do not relate to historical matters. Such forward-looking statements are subject to risks and uncertainties which can cause actual results to differ materially from those currently anticipated, due to a number of factors, which include, but are not limited to, unfavorable changes in the apartment market, changing economic conditions, the impact of competition and competitive pricing, acquisitions or new developments not achieving anticipated results, delays in completing developments and lease-ups on schedule, difficulties in selling existing apartment communities, and other risk factors discussed in documents filed by the Company with the Securities and Exchange Commission from time to time including the Company's Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. and the Company's Quarterly Reports on Form 10-Q Form 10-Q See 10-Q. . All forward-looking statements in this press release are made as of today, based upon information known to management as of the date hereof. The Company assumes no obligation to update or revise any of its forward-looking statements even if experience or future changes show that indicated results or events will not be realized. |
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