New York, NY (PRWEB) August 08, 2014
The Company’s monthly dividend payments to shareholders represent an annualized dividend yield of 10.0% based on the closing price of $11.61 for the Company’s Class A common stock as of the end of day on August 7th, 2014, which is subject to change.
The August dividend payment follows the Company’s July 15, 2014 announcement of its declaration of a $0.29 per share quarterly dividend on its Class A and Class B common stock, payable monthly across the quarter as follows: $0.096667 on August 5, 2014 to shareholders of record on July 25, 2014; $0.096667 per share on September 5, 2014 to shareholders of record on August 25, 2014; and $0.096666 per share on October 5, 2014 to shareholders of record on September 25, 2014.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real estate investment trust formed to acquire a diversified portfolio of institutional-quality apartment properties in demographically attractive growth markets throughout the United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Please visit the Company’s website at http://www.bluerockresidential.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the prospectus dated March 28, 2014 and filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on April 1, 2014, and subsequent filings by the Company with the SEC.