Business Services Industry
Irvine Apartment Communities declares $0.355 dividend
Business Wire, April 30, 1996
NEWPORT BEACH, Calif.--(BUSINESS WIRE)--April 30, 1996--The board of directors of Irvine Apartment Communities (NYSE:IAC) Tuesday declared a cash dividend of $0.355 per common share, payable on May 31, 1996 to shareholders of record on May 20, 1996.
The dividend is equivalent to an annual rate of $1.42 per common share.
Irvine Apartment Communities is a Southern California-based real estate investment trust. At March 31, 1996, the company owned 50 apartment communities representing 13,184 completed rental units and 884 units under construction. All of the company's properties are located on the Irvine Ranch, the nation's largest master-planned community.
CONTACT: Irvine Apartment Communities
James E. Mead, 714/720-5557
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