Replies to post #3890 on General Growth Properties Inc. (GGP)

[Gaintrader]

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

[slob]

warren buffets sentiments exactly