Bluerock Residential Growth REIT, Inc. (BRG)

[SPORTSPROPHET]

Bluerock Residential Growth REIT Pays December 2015 Dividend on Class A & Class B Common Stock, and 4Q Dividend on 8.250% Ser...

NEW YORK, Jan. 5, 2016 /PRNewswire/ -- Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the "Company" or "BRG") has distributed a monthly cash dividend of $0.096667 per share on the Company's Class A and Class B common stock (the "Common Stock Dividend"), as announced earlier in the quarter. In addition, the Company has distributed a pro rata cash dividend on the Company's 8.250% Series A Cumulative Redeemable Preferred Stock (NYSE MKT: BRG-PrA) (the "Series A Preferred Stock," and such dividend, the "Series A Preferred Stock Dividend") for the period from and including the original issue date of October 21, 2015 to and including December 31, 2015, in the amount of $0.4010 per share.

The Common Stock Dividend payments represent an annualized dividend yield of 9.74% based on the closing price of $11.91 for the Company's Class A common stock as of the close of trading on January 4th, 2016. The Series A Preferred Stock Dividend payments represent an annualized dividend yield of 8.17% based on the closing price of $25.25 for the Company's Series A Preferred Stock as of the close of trading on January 4th, 2016. These yields are subject to change.

The Common Stock Dividend payment follows the Company's October 12, 2015 announcement of its declaration of a $0.29 per share quarterly dividend on its Class A and Class B common stock, each payable monthly across the quarter. The Series A Preferred Stock Dividend follows the Company's December 15, 2015 announcement of its declaration of a $0.4010 per share pro rata cash dividend on its Series A Preferred Stock, payable on January 5, 2016. The Company paid the Common Stock Dividend and the Series A Preferred Stock Dividend, respectively, to holders of record of the Company's Class A and Class B common stock and the Series A Preferred Stock, respectively, as of December 24, 2015.