Washington Prime Group Announces Board Changes; Declares Cash Dividend on Common Shares and Preferred Shares, Payable on September 22, 2016 and October 17, 2016 Respectively
The Company's Board of Directors declared a quarterly cash dividend on its common shares, restricted stock units and operating partnership units. A cash dividend of $0.25 per common share, restricted stock unit and operating partnership unit was declared. The third quarter dividend is payable on September 22, 2016 to common shareholders and restricted stock and operating partnership unit holders of record on September 9, 2016.
The Board of Directors also declared quarterly cash dividends of $0.4688 per Series H preferred share of beneficial interest, $0.4297 per Series I preferred share of beneficial interest, and $0.4563 per Series I-1 preferred unit of preferred limited partnership interest. Each of the cash dividends is payable on October 17, 2016 to shareholders and operating partnership unit holders of record on September 30, 2016.