BOSTON--(BUSINESS WIRE)--Dec. 17, 2018--
Boston
Properties, Inc. (NYSE: BXP), one of the largest
publicly-traded developers, owners and managers of Class A office
properties in the United States, announced today that its Board of
Directors declared a regular quarterly cash dividend of $0.95 per share
of common stock for the period October 1, 2018 to December 31, 2018
payable on January 30, 2019 to shareholders of record as of the close of
business on December 31, 2018. Beginning in the third quarter 2018, the
Company increased its regular quarterly dividend by $0.15 per share to
$0.95 per share, which reflected an 18.75% increase over the second
quarter dividend of $0.80 per share. The Company has increased its
regular quarterly cash dividend by more than 46% over the past three
years.
The Board of Directors also declared a regular quarterly cash dividend
for the Company’s 5.25% Series B Cumulative Redeemable Preferred Stock
(the “Series B Preferred Stock”). The cash dividend of $0.328125 per
depositary share is payable on February 15, 2019 to shareholders of
record as of the close of business on February 4, 2019 and covers the
period from November 16, 2018 to February 15, 2019. Each depositary
share represents 1/100th of a share of Series B Preferred Stock.
Boston Properties (NYSE: BXP) is one of the largest publicly-traded
developers, owners and managers of Class A office properties in the
United States, concentrated in five markets - Boston, Los Angeles, New
York, San Francisco and Washington, DC. The Company is a fully
integrated real estate company, organized as a real estate investment
trust (REIT), that develops, manages, operates, acquires and owns a
diverse portfolio of primarily Class A office space. The Company’s
portfolio totals 52.7 million square feet and 200 properties, including
fourteen properties under construction.
View source version on businesswire.com: https://www.businesswire.com/news/home/20181217005829/en/
Source: Boston Properties, Inc.
AT THE COMPANY
Michael LaBelle
Executive
Vice President,
Chief Financial Officer and Treasurer
(617)
236-3352
Sara Buda
Vice President, Investor Relations
(617)
236-3429
sbuda@bostonproperties.com