No. of Recommendations: 1


EPR Properties (EPR) today announced that its Board of Trustees has declared its initial common stock monthly cash dividend. The dividend of $0.2633 per common share is payable May 15, 2013 to shareholders of record on April 30, 2013.

This marks the Company’s transition to monthly distribution of dividends for common shares, a transition supported by the knowledge that many income seeking shareholders prefer receiving their dividends on a monthly basis. This dividend represents an annualized dividend of $3.16 per common share, an increase of 5.3% over prior year.

David Brain, President and CEO, commented, “We believe moving to a monthly dividend more effectively aligns our dividend distribution with the interests of income seeking shareholders. Additionally, we believe this shift has the potential of expanding our shareholder base and enhancing the longer term valuation of the Company.”

Own EPR preferreds.
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