NEWS RELEASES
Sun Communities Raises Distribution Rate For Investors
Editor's Note: This news item was retrieved and first published through Sun Communities Inc's website.
Sun Communities, a real estate investment trust ("REIT") that owns, operates or has an interest in manufactured housing and recreational vehicle communities like Sun RV Resorts, recently announced that its Board of Directors has approved setting the 2019 annual distribution rate at $3.00 per common share, an increase of $0.16, or 5.6 percent, over the current $2.84 per common share for 2018.
This increase will begin with the first quarter distribution to be paid in April 2019. While the Board of Directors has adopted the new annual distribution policy, the amount of each quarterly distribution on Sun Communities' common stock will be subject to approval by the Board of Directors. As of September 30, 2018, Sun Communities, Inc. boasts a portfolio of 370 communities comprising over 127,000 developed sites.
For a list of all Sun communities and info on investing, visit their website.