Centerspace Announces 2020 Dividend Allocations
Centerspace (NYSE: CSR) announced the tax treatment for its 2020 cash distributions for both common and preferred shares.
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
Centerspace (NYSE: CSR) announced the tax treatment for its 2020 cash distributions for both common and preferred shares. Shareholders are advised to consult their tax advisors regarding their personal tax implications. Key distributions include:
- Common Shares: $0.7000 distributed quarterly
- Series C Preferred: $0.4140625 distributed quarterly
Shareholders received a total of $2.80 per common share and $1.65625 per preferred share for the year. Record and payable dates vary per distribution.
Positive
- Consistent dividend payments of $2.80 per common share across four quarters, indicating stability.
- Preferred dividends of $1.65625 maintain investor interest and confidence.
Negative
- None.
Details
News Market Reaction – CSR
The recorded move for CSR in the trading session of this news was +1.47%.
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AI-generated analysis. How Rhea-AI works. Not financial advice.
MINNEAPOLIS, Jan. 21, 2021 /PRNewswire/ -- Centerspace (NYSE: CSR) announced today the tax treatment (Form 1099-DIV) for calendar year 2020 distributions on its common and preferred shares of beneficial interest. Shareholders are encouraged to consult with their personal tax advisors as to the specific tax treatment of their Centerspace distributions.
Security Description | Record | Payable | Cash | Ordinary | Return of | Total | Unrecaptured | ||
Common Shares | 01/02/20 | 01/15/20 | |||||||
CUSIP: 15202L1070 | 03/31/20 | 04/09/20 | |||||||
Symbol: CSR | 06/30/20 | 07/10/20 | |||||||
09/30/20 | 10/09/20 | ||||||||
Security Description | Record | Payable | Cash | Ordinary | Return of | Total | Unrecaptured | ||
Series C Preferred | 03/16/20 | 03/31/20 | |||||||
Shares | 06/15/20 | 06/30/20 | |||||||
CUSIP: 15202L2060 | 09/15/20 | 09/30/20 | |||||||
Symbol: CSR | 12/15/20 | 12/31/20 | |||||||
About Centerspace
Centerspace is an owner and operator of apartment communities committed to providing great homes by focusing on integrity and serving others. Founded in 1970, the company now owns 68 apartment communities consisting of 12,166 homes located in Colorado, Minnesota, Montana, Nebraska, North Dakota, and South Dakota. Centerspace was named a Top Workplace for 2020 by the Minneapolis Star Tribune. For more information, please visit www.centerspacehomes.com.
Contact Information
Emily Miller, Investor Relations
Phone : (701) 837-7104
E-mail : IR@centerspacehomes.com
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SOURCE Centerspace
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