Ramco-Gershenson Announces Increase in Common Share

New Post Public Reply Private Reply Replies (0) Message Board
News Desk 2018
Ramco-Gershenson Announces Increase in Common Share Dividend

FARMINGTON HILLS, Mich., Sept. 5, 2013 (GLOBE NEWSWIRE) -- Ramco-Gershenson Properties Trust (NYSE: RPT ) ("the Company") today announced that its Board of Trustees declared a regular quarterly cash dividend of $0.1875 per common share, resulting in an indicated annual rate of $0.75 per share, an increase of approximately $0.08 per share over the prior annual rate. The Board also approved a third quarter Series D convertible perpetual preferred share dividend of $0.90625 per share for the same period. The dividends, for the period July 1, 2013 through September 30, 2013, will be payable on October 1, 2013 to shareholders of record on September 20, 2013.  

"The increase in our common share dividend reflects the continued confidence shared by management and our Board of Trustees in Ramco-Gershenson's operating performance, business plan, and growth in income," said Dennis Gershenson, President and Chief Executive Officer. "This dividend increase also reflects higher taxable income, which is the result of our recent success in increasing rental revenue while lowering interest expense, deleveraging the balance sheet, and increasing financial flexibility."

About Ramco-Gershenson Properties Trust

Ramco-Gershenson Properties Trust (NYSE: RPT ) is a fully integrated, self-administered, publicly-traded real estate investment trust (REIT) based in Farmington Hills, Michigan. The Company's business is the ownership and management of multi-anchor shopping centers in strategic metropolitan markets throughout the Eastern, Midwestern, and Central United States. At June 30, 2013, the Company owned and managed a portfolio of 79 shopping centers and one office building with approximately 15.2 million square feet of gross leasable area owned by the Company or its joint ventures. The properties are located in Michigan, Florida, Ohio, Georgia, Missouri, Colorado, Wisconsin, Illinois, Indiana, New Jersey, Virginia, Maryland, and Tennessee.  At June 30, 2013, the Company's core operating portfolio was 95.1% leased. For additional information regarding Ramco-Gershenson Properties Trust visit the Company's website.

Ramco-Gershenson Properties Trust Dawn Hendershot, 248-592-6202 Director of Investor Relations and Corporate Communications

Scroll down for more posts ▼

Top 10 Most Recent News Articles

AI Visibility: A Game Changer for SEO in 2027?

Updated Category News Views 2

AI Changes the SEO Game Rank Math, the brains behind a trusty WordPress SEO plugin, has thrown a bold prediction at us: AI visibility is set to become a standard SEO metric next year. Gurugram, India, saw this gem of an announcement on October 9, 2026. So, what's ticking here? Consumers, more than ever, are resting on AI-generated answers to make decisions. It's like...

Continue Reading
2026 Leica Oskar Barnack Awards Spotlight Global Talent

Updated Category News Views 6

Winners Redefine Photography's Boundaries in 2026 Photographers are like modern-day storytellers, freezing moments in time and weaving visual narratives that provoke thought—or at least that's what the folks behind the Leica Oskar Barnack Award (LOBA) seem to believe. This year's ceremony upped the ante, not just handing out glittering prizes and shiny cameras, but...

Continue Reading
PrideStaff: 8 Years Strong on Franchise Times Top 400

Updated Category News Views 4

Where PrideStaff Stands in the Franchise Landscape Here's something the staffing world can't ignore: PrideStaff nailed it again, landing among the giants on the Franchise Times Top 400 for the eighth straight year. Sitting at number 217, this ain't just a lucky streak—this is a sustained homerun, my friends. Consistency Is Key, And They're Holding It Consider this...

Continue Reading
Full Sail University Bags Billboard Music School Honor

Updated Category News Views 8

Full Sail Scores a Billboard Nod — What's the Big Deal? Alright, Full Sail University just snagged a spot on Billboard Magazine's 2026 Top Music Business Schools list. That's no small fry, folks. This Florida institution has been carving out a niche in the music business education scene with a hands-on learning approach that hits the nail right on the head. The Recipe...

Continue Reading
HackerOne Finds Cybersecurity Challenges in Exposure Debt

Updated Category News Views 11

Understanding the Implications of 'Exposure Debt' When you hear about 'exposure debt', it's not just tech jargon—it's a core issue hacking at the very safety nets companies rely on. This term, highlighted in HackerOne's latest Security Research Report, marks a stark reality in cybersecurity. The backlog of verified yet unresolved vulnerabilities surged a whopping 131%...

Continue Reading
Aspen Dental Brings Comprehensive Care to Whiteville

Updated Category News Views 6

Bringing Dentistry Closer to Home Now, Whiteville's dental game just got a power-up, with Aspen Dental setting up shop in town. This isn't just another practice popping up—it's a full-on dental hub offering everything from regular cleanings to emergency tooth fixes. And let’s face it, this area's diverse population needs it. The Man Behind the Chair Guess who’s at...

Continue Reading
Strategic Move: Chimney Collective Teams with Four Winds

Updated Category News Views 4

A Partnership Fueled by Legacy and Growth In the world of brick, mortar, and flue, a big play just unfolded. Chimney Collective, flexing its investment muscle, has hitched its wagon to Four Winds Chimney, a company that's carved out quite a niche in New York's chimney scene. We're not talking about a corporate takeover here; this is about putting money where growth and...

Continue Reading
CellFiber Expands to Philly: Boosting US Biotech Scene

Updated Category News Views 2

CellFiber's Leap into 'Cellicon Valley' Folks, when the biotech winds start blowing, you better have your sails up. CellFiber Co., Ltd., a Tokyo-based innovator, has landed itself a comfy spot in the City of Brotherly Love. We're talking Philadelphia, folks, or, as it's dubbed in certain circles, 'Cellicon Valley.' Now if that's not a name that screams biotech pedigree, I...

Continue Reading
Newfold Digital Revamps Leadership for Growth Surge

Updated Category News Views 6

Steering into New Horizons with Fresh Leadership October 2026 marks a fresh chapter for Newfold Digital, as they shuffle the deck chairs a bit and ramp up for some ambitious growth endeavors. This web and commerce tech company decided it's time to bring a few heavy hitters on board. Starting this month, watch out for Sachin Puri taking the reins as Chief Executive...

Continue Reading
Boliden's Q3 2026 Results: What's on the Horizon?

Updated Category News Views 2

Boliden Ready to Reveal Q3 Numbers Mark it down, folks. Thursday, October 29, 2026, is the day when Boliden's big wigs will step up to the plate and lay their cards on the table about the company's performance over the last quarter. If you've got any skin in this mining powerhouse, you'll want a front-row seat—or at least a virtual one if you're dialing in from...

Continue Reading

Top 5 Most Recently Viewed Articles

MACOM Executive's Stock Sales Highlight Company Confidence

Updated Category News Views 58

Key Highlights of Recent MACOM Stock Sales MACOM Technology Solutions Holdings, Inc. (NASDAQ:MTSI) has recently drawn attention following a significant stock sale by Robert Dennehy, the Senior Vice President of Operations. Dennehy sold 6,915 shares of common stock, which brought in more than $700,000. This sale took place on a noteworthy day for the stock market, with...

Continue Reading
Upcoming Financial Results Announcement for New Oriental

Updated Category News Views 111

New Oriental Set to Reveal Financial Results New Oriental Education and Technology Group Inc. (NYSE: EDU) has exciting news for its stakeholders! The company, known for its comprehensive educational services in China, is gearing up to report its financial outcomes for the second quarter. This event is scheduled for January 28, and is eagerly anticipated by investors and...

Continue Reading
UAB Kvartalas Exceeds Expectations with Latest Bond Offering

Updated Category News Views 215

UAB Kvartalas’ Successful Bond Offering UAB "Kvartalas" aimed to raise 5 million euros through the third tranche of bond offerings designed to support the development of its "S?varž?l?" business center. The initial duration of this offering was set to run for ten days, but due to surprisingly high investor demand witnessed in earlier tranches, the issuing company had...

Continue Reading
Descartes Systems Group Set to Reveal Annual Financials Insights

Updated Category News Views 119

Descartes Systems Group Fiscal Year-End Financial Announcement Descartes Systems Group (NASDAQ: DSGX), a leader in the logistics sector, is preparing to share its fiscal year-end financial results. This critical announcement is set to take place after the market closes, marking an exciting moment for stakeholders and industry observers alike. Key Details of the Financial...

Continue Reading
Discover the Adjustable Potted Plant Stabilizer Innovation

Updated Category News Views 136

Exploring the Innovative Adjustable Potted Plant Stabilizer In the world of gardening, one challenge that plant lovers often face is ensuring stability for their beloved potted plants. InventHelp has unveiled an ingenious solution that addresses this very issue: the Adjustable Potted Plant Stabilizer. This invention aims to provide unparalleled support to plants, keeping...

Continue Reading