BioMed Realty Trust Inc. has declared a fourth quarter dividend of 23.5 cents per share of common stock, representing a 9.3 percent increase over the third quarter dividend. The latest dividend is equivalent to an annualized dividend of 94 cents per common share, according to a statement from the San Diego-based company.
BioMed announced that its board of directors has also declared a dividend of 46.094 cents per share of the company’s 7.375 percent Series A preferred stock for the period of Oct. 16 through Jan. 15. Both dividends are payable on Jan. 15 to stockholders of record at the close of business on Dec. 31.
BioMed, with headquarters in Rancho Bernardo, is a real estate investment trust focused on properties serving the biotechnology, pharmaceutical and related life-science industries, with a portfolio totaling approximately 13.1 million square feet nationwide. The company trades under the symbol BMR on the New York Stock Exchange.
— SDBJ Staff Report