RICHMOND, BC, Jan. 9, 2012 /CNW/ - Huntingdon Capital Corp. ("Huntingdon" or the "Corporation") (TSX: HNT, HNT.DB and HNT.WT) announced today the initiation of a monthly dividend to shareholders. The monthly dividend will be $0.02 per share and will begin in February 2012.
Huntingdon's Board of Directors believes this dividend policy balances the Corporation's interests of returning capital to shareholders and maintaining a conservative balance sheet to provide for future investment.
The annualized dividend payout ratio stated in terms of third quarter 2011 adjusted funds from operations is approximately 33%. Huntingdon's annualized dividend reflects a yield of 2.8% based on the January 6th, 2012 closing price of the Corporation's shares.
The February 2012 dividend will be payable on February 1, 2012 to shareholders of record as at January 13, 2012. These dividends are eligible dividends for tax purposes.
About Huntingdon Capital Corp.:
Huntingdon Capital Corp. owns, directly or indirectly, 75 income producing office, industrial and retail properties that have a total gross leasable area of 5.5 million square feet.
The Toronto Stock Exchange has not reviewed nor approved the contents of this press release and does not accept responsibility for the adequacy or accuracy of this press release.
For further information:
Zachary R. George, Director, President and Chief Executive Officer
Tel: (604) 249-5119
Fax: (604) 249-5101