New York, NY – Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) (the “Company”) has distributed a monthly cash dividend of $0.096667 per share on the Company’s Class A and Class B common stock, as announced earlier in the quarter.
The Company’s monthly dividend payments to stockholders represent an annualized dividend yield of 9.1% based on the closing price of $12.80 for the Company’s Class A common stock as of the end of day on December 4, 2014. This yield is subject to change.
The payment follows the Company’s October 13, 2014 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 Company paid the dividend on Friday, December 5 to stockholders of record as of November 25, 2014.
About Bluerock Residential Growth REIT, Inc.
Bluerock Residential Growth REIT, Inc. (NYSE MKT: BRG) is a real estate investment trust formed to acquire a diversified portfolio of institutional-quality apartment properties in demographically attractive growth markets throughout the United States. The Company has elected to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. Please visit the Company’s website at www.bluerockresidential.com.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. These forward-looking statements are based upon the Company’s present expectations, but these statements are not guaranteed to occur. Furthermore, the Company disclaims any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes. Investors should not place undue reliance upon forward-looking statements. For further discussion of the factors that could affect outcomes, please refer to the “Risk Factors” section of the prospectus dated October 2, 2014 and filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) on October 3, 2014, and subsequent filings by the Company with the SEC.