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Home > Boards > US OTC > Real Estate > General Growth Properties Inc. (GGP)

GGP-increased their dividend and "intends to pay a

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Gaintrader   Tuesday, 11/08/16 11:40:41 AM
Re: detearing post# 3890
Post # of 3894 
GGP-increased their dividend and "intends to pay a special dividend of about 25 cents a share".

"General Growth has been selling properties to pay down debt. It targets lowering its debt burden to about $18.5 billion by year's end. Company officials have said they expect to end the year with about $700 million to $800 million in cash and that they intend to set aside about $250 million of that to pay a special dividend of about 25 cents a share."

http://news.morningstar.com/all/dow-jones/us-markets/2016103113056/general-growth-properties-profit-benefits-from-asset-sales-but-revenue-falls-short.aspx


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