Franklin Street Properties Announces New Quarterly Dividend

Franklin Street Properties Corp. Dividend Announcement

Franklin Street Properties Corp. (“FSP”, “our” or “we”) (NYSE American: FSP) has made an exciting announcement regarding its financial commitments. In a recent declaration from its Board of Directors, the company revealed that it would be issuing a quarterly dividend of $0.01 per share of common stock. This dividend is set for the period from October 1 through December 31 of the year ahead, and it will be payable on February 13 of the following year to stockholders of record as of January 24 that year.

Details of the Dividend Payment

This new dividend declaration exemplifies Franklin Street Properties Corp.'s ongoing dedication to providing favorable returns to its shareholders. The periodic payments reflect the company's strong financial performance and commitment to increasing shareholder value. Stockholders can expect to receive their dividends promptly on the scheduled date, demonstrating FSP's reliability and strategic approach to corporate governance.

Long-term Growth Strategy

FSP, based in Wakefield, Massachusetts, is steadfast in its focus on investing in infill and central business district (CBD) office properties throughout the United States. The company strategically targets opportunities in the U.S. Sunbelt and Mountain West regions, in addition to selected opportunistic markets. This targeted approach bolsters FSP's potential for long-term growth and property value appreciation while also generating consistent income for its investors.

Investor Engagement and Information Availability

For current and prospective investors, FSP provides a wealth of information through its Investor Relations section on its website. The company regularly updates this section with vital information that can aid investors in making informed decisions about their investments. Those looking to keep abreast of the latest announcements and performance updates are encouraged to regularly check this section. FSP also offers investors the opportunity to sign up for instant updates via email alerts, ensuring they never miss crucial news.

Commitment to Real Estate Investment

Franklin Street Properties Corp. operates as a Maryland corporation, strategically designed to qualify as a real estate investment trust (REIT) for federal income tax purposes. This operational structure allows FSP to focus on enhancing its investment portfolio while also maintaining favorable tax treatment, ultimately benefiting its investors. The company aims to provide excellent value through its investments, consistently aligning with its long-term growth objectives.

Conclusion

As Franklin Street Properties Corp. proceeds with its plans to distribute dividends, it reinforces its commitment to creating value for its shareholders. With a strategic focus on key markets and a structured approach to real estate investment, FSP continues to position itself as a robust option for investors seeking growth and return on investment.

Frequently Asked Questions

What is the amount of the declared dividend by FSP?

Franklin Street Properties Corp. declared a quarterly dividend of $0.01 per share of common stock.

When will the dividend be paid out?

The dividend will be paid on February 13 of the following year.

How can investors get more information about FSP?

Investors can find detailed information in the Investor Relations section of the FSP website.

What is a REIT and how does FSP qualify as one?

A REIT is a company that owns and typically operates income-producing real estate. FSP qualifies as a REIT for federal income tax purposes, focusing on optimized property investments.

Where can I find updates on FSP performance?

FSP regularly posts updates in the Investor Relations section of its official website, and interested parties can sign up for email alerts.

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