Atlanta, GA -December 13, 2017 - Piedmont Office Realty Trust (NYSE: PDM) announced today that its Board of Directors declared a special cash dividend of $.50 per common share payable on January 9, 2018 to stockholders of record as of the close of business on December 26, 2017. The decision to declare a special dividend was a result of taxable gains realized on the sale of approximately $396 million of assets during 2017.
About Piedmont Office Realty Trust
Piedmont Office Realty Trust, Inc. (NYSE: PDM) is an owner, manager, developer, and operator of high-quality, Class A office properties in select submarkets located primarily within eight major Eastern U.S. office markets. Its geographically-diversified, over $5 billion portfolio is comprised of approximately 19 million square feet. The Company is a fully-integrated, self-managed real estate investment trust (REIT) with local management offices in each of its major markets and is investment-grade rated by Standard & Poor's (BBB) and Moody's (Baa2). For more information, see www.piedmontreit.com.
Contact: Kerry Hughes
Company: Piedmont Office Realty Trust
Phone: 1 770 418 8800
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Source: Piedmont Office Realty Trust, Inc. via Globenewswire