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April 1, 2008
Forest City Declared Quarterly Dividend
Business Wire
Forest City Enterprises, Inc. (NYSE:FCEA) (NYSE:FCEB) announced today that the Board of Directors has declared a cash dividend in the amount of $0.08 on each outstanding share of both Class A and Class B Common Stock of the Corporation, to shareholders of record at the close of business on June 2, 2008. This dividend will be payable on June 17, 2008.
NoLandGrab: In layman's terms, this means that Forest City Enterprises will be paying out a quarterly dividend to shareholders totaling more than $8 million while seeking additional subsidies for Atlantic Yards — as if $1 billion-plus wasn't already enough.
Posted by eric at April 1, 2008 4:38 PM