Business
Maxus Realty Trust Inc. Declares Increased Dividend
Maxus Realty Trust Inc. Declares Increased Dividend.
About this update from Maxus Realty Trust, Inc.
[{"type":"text","content":"Maxus Realty Trust, Inc. Declares Increased Dividend North Kansas City, MO – October 31, 2017 – Maxus Realty Trust, Inc. (“MRTI”), a real estate investment trust with corporate headquarters located in North Kansas City, MO, announced today that the Board of Trustees approved an increase in the regular monthly cash dividend of 25% to $0.50 per share of common stock. The dividend represents an annualized dividend of $6.00 per common share. The increased dividend of $0.50 per share is payable on December 15, 2017 to shareholders of record as of the close of trading on November 30, 2017. The Trustees also declared a $0.50 per share dividend on MRTI’s common stock payable on January 15, 2018, and February 15, 2018 to shareholders of record as of the close of trading on December 29, 2017 and January 31, 2018, respectively. A dividend of $0.40 per share payable November 15, 2017 was previously declared for shareholders of record as of October 31, 2017. MRTI is a real estate investment trust that is in the business of acquiring, investing, developing and redeveloping multifamily and commercial properties in Missouri, Arkansas, Oklahoma, Texas, Florida, Georgia, Louisiana, Mississippi, North Carolina and Kansas. MRTI has ownership interests in 33 multifamily properties 8,279 apartment homes) and has approximately 92,000 square feet of retail space. MRTI’s common stock is quoted on the OTC Pink market tier of the OTC Market, which operates an interdealer quotation system and electronic messaging service, called OTC Link®, for broker-dealers to trade OTC equity securities. Additional information about MRTI may be found at www.otcmarkets.com (symbol “MRTI”). Media contact: Kelly Johnson, 816-805-5659, [email protected] Investors contact: DeAnn Totta, 816-877-0812, [email protected]","length":2104,"tagName":"div"}]