Sun Lights Up with Distributions

sun communities as of 12-22-2012 owns palm creek golf and rv esort communityFrom Southfield, Michigan, the board of directors for real estate investment trust (REI)T Sun Communities, Inc. (NYSE:SUI) announces quarterly dividends on three different stocks, according to euroinvestor:

  • $0.65 per share of common stock payable Jan. 15, 2016 to shareholders of record Dec. 31, 2015;
  • $0.4453125per share on the Company’s 7.125% Series A Cumulative Redeemable Preferred Stock, payable Jan. 15, 2016 to shareholders of record s of Jan. 1, 2016; and,
  • $0.40625 on the Company’s 6.50% Series A-4 Cumulative Convertible Preferred Stock, payable on Dec. 31, 2015 to shareholders of record Dec. 18, 2015.

MHProNews understands Sun owns and operates 235 communities comprised of 88,400 developed sites. 183 of the communities are for manufactured homes.

Meanwhile, according to putnamstandard, Wall Street investors believe Sun will post $0.88 earnings per share for the current quarter. ##

(Photo credit: Sun Communities, Inc.–Palm Creek Golf and RV Resort)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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