CHICAGO--(BUSINESS WIRE)--Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company’s common and preferred shares. A regular common share dividend for the first quarter of $0.54 per share will be paid on April 13, 2018 to shareholders of record on March 26, 2018. This is a 7.2% annualized increase in the common share dividend.
A quarterly dividend of $1.03625 per share will be paid on April 2, 2018 to shareholders of record on March 22, 2018 of the Company’s Series K Preferred Shares.
2018 Annual Meeting of Shareholders
In addition, the Company declared that its Annual Meeting of Shareholders will be held on Thursday, June 14, 2018 at 8:00 a.m. in Chicago, Illinois. Shareholders of record at the close of business on March 29, 2018 will be entitled to vote at the meeting.
About Equity Residential
Equity Residential is an S&P 500 company focused on the acquisition, development and management of rental apartment properties in urban and high-density suburban coastal gateway markets where today’s renters want to live, work and play. Equity Residential owns or has investments in 303 properties consisting of 78,280 apartment units, primarily located in Boston, New York, Washington, D.C., Seattle, San Francisco and Southern California. For more information on Equity Residential, please visit our website at www.equityapartments.com.