REIT Actually Increase Dividend
In the recent turmoil in the markets concerning credit risk and the housing market, it is surprising to hear a real estate increasing its dividend (maybe it just needs to get rid of cash before bankruptcy):
Winthrop Realty Trust announced that its board of trustees has approved an increase of the quarterly dividend payable on its common shares of beneficial interest to $.065 per share or $.26 per share on an annual basis. The increased dividend will be effective commencing with the dividend paid for the third quarter of 2007.
If only American Home Mortgage had done that before the stock tanked!