Rochester,NY 7/10/2009 1:18:11 AM
Afternoon Stock Report - SUI - Sun Communities Declares Second Quarter 2009 Dividend - Sourced WhisperFromWallStreet.com
Sun Communities Inc.
Afternoon Stock Report - SUI - Sun Communities Declares Second Quarter 2009 Dividend - Sourced WhisperFromWallStreet.com
Sun Communities Inc. SUI
Sun Communities, Inc. (NYSE: SUI - News), a real estate investment trust (REIT) that owns and operates manufactured housing communities, today announced its Board of Directors declared a quarterly dividend of $0.63 per share for the second quarter of 2009. The dividend is payable July 23, 2009 to shareholders of record July 13, 2009. Sun Communities has 18.6 million shares outstanding.
Sun Communities, Inc. is a real estate investment trust (REIT) that currently owns and operates a portfolio of 136 communities comprising approximately 47,600 developed sites and approximately 6,100 sites suitable for development.
Last Trade: 13.32
Day's Range: 13.17 - 14.14
52wk Range: 6.76 - 21.25
Volume: 131,821
ABOUT - Sun Communities Inc.
Sun Communities, Inc. operates as a real estate investment trust (REIT). The company owns, operates, and develops manufactured housing communities concentrated in the midwestern, southern, and southeastern United States. As of December 31, 2008, it owned and operated a portfolio of 136 properties located in 18 states, including 124 manufactured housing communities, 4 recreational vehicle communities, and 8 properties containing manufactured housing and recreational vehicle sites. The company's properties contained approximately 47613 developed sites, which comprised of 42299 developed manufactured home sites, 3107 permanent recreational vehicle sites, and 2207 seasonal recreational vehicle sites; and 6081 manufactured home sites for development. As a REIT, Sun Communities would not be subject to federal tax to the extent that it distributes at least 90% of its taxable income to its shareholders. The company was founded in 1975 and is based in Southfield, Michigan.
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