City Office REIT Announces Dividends for Third Quarter 2021
City Office REIT (NYSE: CIO) has announced a quarterly dividend of $0.15 per share for Q3 2021, payable on October 22, 2021.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
City Office REIT (NYSE: CIO) has announced a quarterly dividend of $0.15 per share for Q3 2021, payable on October 22, 2021. Shareholders must be on record by the close of business on October 8, 2021. Additionally, a dividend of $0.4140625 will be paid for the 6.625% Series A Cumulative Redeemable Preferred Stock. City Office REIT focuses on acquiring and managing office properties across the Southern and Western United States, owning 5.6 million square feet of such properties.
Positive
- Declaration of a quarterly dividend of $0.15 per share, indicating strong cash flow.
- Continued dividend payment for Series A Preferred Stock, demonstrating commitment to shareholders.
Negative
- None.
Details
News Market Reaction – CIO
The recorded move for CIO in the trading session of this news was -0.71%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
VANCOUVER, Sept. 16, 2021 /PRNewswire/ -- City Office REIT, Inc. (NYSE: CIO) ("City Office" or the "Company") announced today that its Board of Directors has authorized a quarterly dividend amount of
Additionally, the Board of Directors authorized a regular quarterly dividend of
The dividends will be payable on October 22, 2021 to all stockholders and operating partnership unitholders of record as of the close of business on October 8, 2021.
About City Office REIT, Inc.
City Office REIT is an internally-managed real estate company focused on acquiring, owning and operating high-quality office properties located in leading 18-hour cities in the Southern and Western United States. City Office currently owns or has a controlling interest in 5.6 million square feet of office properties. The Company has elected to be taxed as a real estate investment trust for U.S. federal income tax purposes.
Forward-looking Statements
This press release contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 that are based on management's current expectations, assumptions and beliefs. Forward-looking statements can often be identified by words such as "anticipate," "expect," "intend," "may" and similar expressions, and variations or negatives of these words. They are not guarantees of future results and are subject to risks, uncertainties and assumptions that could cause actual results to differ materially from those expressed in any forward-looking statement. Factors that could cause actual results to differ materially include, among other things, the timing and amount of repurchases of CIO's common stock, if any, changes to CIO's expected liquidity position and the risk factors set forth in CIO's Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent filings with the Securities and Exchange Commission. The statements made herein speak only as of the date of this press release and except as required by law, CIO does not undertake any obligation to publicly update or revise any forward-looking statements.
Contact
City Office REIT, Inc.
Anthony Maretic, CFO
+1-604-806-3366
investorrelations@cioreit.com
View original content:https://www.prnewswire.com/news-releases/city-office-reit-announces-dividends-for-third-quarter-2021-301379073.html
SOURCE City Office REIT, Inc.
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