JLL Income Property Trust Declares 32nd Consecutive Quarterly Dividend
JLL Income Property Trust Declares 32nd Consecutive Quarterly Dividend |
[19-November-2019] |
CHICAGO, Nov. 19, 2019 /PRNewswire/ -- JLL Income Property Trust, an institutionally managed daily NAV REIT (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), announced that on November 7, 2019 its Board of Directors approved a gross dividend for the fourth quarter of 2019 of $0.135 per share. JLL Income Property Trust has declared thirty-two consecutive quarterly dividends to its stockholders beginning with the first quarter 2012.
The dividend is payable on or around February 3, 2020 to stockholders of record as of December 30, 2019. On an annualized basis, this gross dividend is equivalent to $0.54 per share and represents a yield of approximately 4.4 percent on a NAV per share of Class M stock of $12.20 as of November 6, 2019. All stockholders will receive $0.135 per share less applicable share class specific fees and the annualized yield will differ based on the share class. "In line with our investment objective of generating a reliable income stream for investors, we are pleased to have paid dividends for 32 consecutive quarters, with an average annual increase of 5% over that 8 year period, said Allan Swaringen, President and CEO of JLL Income Property Trust. "Our continued active asset management has also supported our objective of the preservation and protection of our clients' capital," he said. A third quarter dividend of $0.175 per share, less applicable share class specific fees, was paid according to the table below on November 1, 2019 to stockholders of record as of September 27, 2019.
JLL Income Property Trust is an institutionally managed, daily NAV REIT that gives investors access to a growing portfolio of commercial real estate investments selected by an institutional investment management team and sponsored by one of the world's leading real estate services firms. For more information on JLL Income Property Trust, please visit our website at www.jllipt.com. Tax treatment may vary from investor to investor. You should consult your tax professional. For federal income tax purposes, REIT distributions may be classified as ordinary dividends, capital gain dividends and nontaxable distributions, each of which may be taxed at a different rate. That portion of a REIT's distributions that are nontaxable may result in a reduction of the investor's cost basis, which would make it subject to long or short-term capital gains tax when the investment is sold (when held in a non-qualified account). About JLL Income Property Trust (NASDAQ: ZIPTAX; ZIPTMX; ZIPIAX; ZIPIMX), About LaSalle Investment Management Forward Looking Statements and Future Results
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Company Codes: NASDAQ-MF:ZIPIAX, NASDAQ-MF:ZIPIMX, NASDAQ-MF:ZIPTAX, NASDAQ-MF:ZIPTMX, NYSE:JLL |
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