Printer Friendly

UNITED DOMINION REALTY TRUST ANNOUNCES TWO-FOR-ONE STOCK SPLIT

 RICHMOND, Va., April 5 /PRNewswire/ -- The board of United Dominion Realty Trust, Inc. (NYSE: UDR), has approved a two-for-one stock split with the additional share certificates to be distributed on May 5, 1993, to shareholders of record as of April 19, 1993.
 The trust recently announced an increase in its quarterly dividend rate to 35 cents per share for the first quarter of 1993 which is payable on April 30, 1993, to shareholders of record as of April 16, 1993. Following the stock split, the quarterly dividend rate will be $0.175 per share.
 United Dominion now owns 14,793 apartment units in the Southeast, from Baltimore/Washington, south to Tampa, Fla. The trust also owns approximately 2 million square feet of shopping centers and other commercial space. The trust embarked on a major apartment expansion program in the spring of 1991 which it expects to continue at least through 1993. United Dominion is a self-administered equity real estate investment trust, and its common stock is traded on the New York Stock Exchange under the symbol "UDR."
 -0- 4/5/93
 /CONTACT: James Dolphin, senior vice president and chief financial officer, or Jerry A. Davis, vice president and corporate controller, United Dominion Realty Trust, 804-780-2691/
 (UDR)


CO: United Dominion Realty Trust ST: Virginia IN: FIN SU:

DC-KD -- DC023 -- 3209 04/05/93 17:05 EDT
COPYRIGHT 1993 PR Newswire Association LLC
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 1993 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:PR Newswire
Date:Apr 5, 1993
Words:225
Previous Article:USAIR FORCED TO CANCEL PHILADELPHIA-FRANKFURT PLANS; WILL CONTINUE EXISTING SERVICE FROM PITTSBURGH AND CHARLOTTE
Next Article:AFL-CIO PRESIDENT NAMES NEW POLITICAL EDUCATION COMMITTEE DIRECTOR
Topics:


Related Articles
UNITED DOMINION REALTY TRUST EXTENDS REDEMPTION DATE
UNITED DOMINION REALTY TRUST DECLARES FOURTH QUARTER DIVIDEND
UNITED DOMINION REALTY TRUST DECLARES THIRD QUARTER DIVIDEND
UNITED DOMINION REALTY TRUST DECLARES FOURTH QUARTER DIVIDEND
UNITED DOMINION REALTY TRUST DECLARES SECOND QUARTER DIVIDEND
UNITED DOMINION REALTY TRUST DECLARES THIRD QUARTER DIVIDEND
UNITED DOMINION REALTY TRUST COMPLETES DEBT FINANCING
UNITED DOMINION REALTY TRUST FILES SHELF REGISTRATION STATEMENT
UNITED DOMINION REALTY TRUST DECLARES THIRD QUARTER DIVIDEND
United Dominion Realty Trust Declares Second Quarter Dividends

Terms of use | Copyright © 2016 Farlex, Inc. | Feedback | For webmasters