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Home Properties declares dividend

Home Properties Inc. Wednesday afternoon declared a dividend of 67 cents a share on its common shares for the quarter ended Sept. 30.

The dividend is payable on Nov. 24 to shareholders of record on Nov. 12, and is equivalent to an annualized rate of $2.68 a share. The current annual dividend represents a 6.8 percent yield based on Tuesday’s closing price of $39.35. Home Properties’ common stock will begin trading ex-dividend on Nov. 9, officials said.

Shares of Home Properties (NYSE: HME) were trading midday Thursday at $38.88, up 3 percent from Wednesday close of $37.66.

(c) 2009 Rochester Business Journal. Obtain permission to reprint this article.

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