HOUSTON--(BUSINESS WIRE)--
The Board of Trust Managers of Camden Property Trust (NYSE:CPT) declared
a first quarter cash dividend of $0.56 per share to holders of record as
of March 30, 2012 of its Common Shares of Beneficial Interest. The
dividend to be paid on April 17, 2012 equates to an annual dividend rate
of $2.24 per share, and represents a 14.3% increase over the Company’s
previous dividend rate. Based on Camden’s closing price of $62.51 on
March 8, 2012, the annual dividend represents a 3.6% yield.
Camden Property Trust, an S&P 400 Company, is a real estate company
engaged in the ownership, development, acquisition, management and
disposition of multifamily apartment communities. Camden owns interests
in and operates 195 properties containing 66,770 apartment homes across
the United States. Upon completion of ten properties under development,
the Company’s portfolio will increase to 69,567 apartment homes in 205
properties. Camden was recently named by FORTUNE® Magazine for the fifth
consecutive year as one of the “100 Best Companies to Work For” in
America, ranking #7.
For additional information, please contact Camden’s Investor Relations
Department at (800) 922-6336 or (713) 354-2787 or access our website at camdenliving.com.
Camden Property Trust
Kim Callahan, 713-354-2549
Source: Camden Property Trust