Wells Real Estate sets quartlery cash dividend.Wells Real Estate Investment Trust, Inc. announced that its board of directors has approved 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. quarterly cash dividend of 7.00% for the fourth quarter of 2003. This annualized dividend rate is payable in December 2003 and is calculated on a daily basis to shareholders of record each day from September 16, 2003, through December 15, 2003. Wells also offers a Dividend Reinvestment Program A dividend reinvestment program or dividend reinvestment plan (DRIP) is an equity investment option offered directly from the underlying company. The investor does not receive quarterly dividends directly as cash; instead, the investor's dividends are directly reinvested in to all Wells REIT REIT See: Real Estate Investment Trust REIT See real estate investment trust (REIT). shareholders. "We're so pleased that the Wells REIT continues to provide solid dividend income to our investors, a return that compares favorably to other investments in this economic environment," said Leo Leo, in astronomy Leo [Lat.,=the lion], northern constellation lying S of Ursa Major and on the ecliptic (apparent path of the sun through the heavens) between Cancer and Virgo; it is one of the constellations of the zodiac. F. Wells III, president and founder of Wells Real Estate Investment Trust. Wells Real Estate Funds is an Atlanta-based national real estate investment management firm that purchases existing Class-A office and industrial properties, as well as corporate sale/leasebacks and build-to-suit projects, leased long-term to creditworthy cred·it·wor·thy adj. Having an acceptable credit rating. cred  it·wor tenants and
professional services firms. In its investment products-the Wells REIT,
the Wells S&P REIT Index Fund, and the Wells limited
partnerships-Wells manages more than $3.5 billion in assets for more
than 125,000 investors nationwide. Wells is online at www.weilsref.com.
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