Wells REIT II doubles dividend.Wells Real Estate Investment Trust II, Inc. (Wells REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). II) announces that its Board of Directors raised the Company's dividend rate from an amount equal to a 2.5% 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. return on a $10.00 investment per share to a 5.0% annualized rate. This newly declared dividend declared dividend A dividend authorized by a firm's board of directors. At the time a dividend is declared, the firm creates a liability for the dividend's payment. rate will be calculated on a daily basis to shareholders of record each day from April 1, 2004, through June 15, 2004. This dividend will be paid in June, along with the dividends earned March 16, 2004, through March 31, 2004. Additionally, on March 31, 2004, Wells REIT II closed on the acquisition of a two-building property that is home to Roush Industries in Allen Park Allen Park, city (1990 pop. 31,092), Wayne co., SE Mich., a suburb of Detroit; inc. as a city 1957. Its manufactures include motor vehicle and marine prototypes, liquor, and sheet metal. , Mich., just outside Detroit. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion