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Apartment Investment and Management Company (NYSE:AIV) Declares Quarterly Dividend

Posted on 1/23/2010 1:49:46 PM in #Stocks | 0 comments comments

 

Apartment Investment and Management Company (NYSE:AIV) has declared a quarterly cash dividend of $0.10 per Class A Common Stock Share for the quarter ended December 31, 2009.  The dividend is payable by February 1, 2010 to shareholders of record as of December 31, 2009.  The dividend payment date will be January 29, 2010.  This dividend is taxable in 2009.  The company has also announced that its 2009 dividend allocation for federal income tax purposes for its Class A Common Stock and its publicly traded preferred stock.  The company’s 2009 tax return has not been filed. 

 

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Apartment Investment and Management Company (Aimco) is a self-administered and self-managed real estate investment trust (REIT), engaged in the acquisition, ownership, management and redevelopment of apartment properties. As of December 31, 2008, it owned or managed a real estate portfolio of 992 apartment properties containing 162,807 apartment units located in 44 states, the District of Columbia and Puerto Rico. Aimco’s portfolio includes garden style, mid-rise and high-rise properties. Aimco operates in two segments: real estate (owning, operating and redeveloping apartments) and investment management (portfolio strategy, capital allocation, joint ventures, tax credit syndication, acquisitions, dispositions and other transaction activities). Through its wholly owned subsidiaries, AIMCO-GP, Inc. and AIMCO-LP, Inc., it owns a majority of the ownership interests in AIMCO Properties, L.P., which it refers to as the Aimco Operating Partnership.

 

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