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PREIT Increases Quarterly Dividend 6.7% for Common Shares and Declares Initial Dividend for New Preferred Shares

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PREIT Increases Quarterly Dividend 6.7% for Common Shares and Declares Initial Dividend for New Preferred Shares Powered By Docstoc
					
				
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Description: PHILADELPHIA--(EON: Enhanced Online News)--Pennsylvania Real Estate Investment Trust (NYSE: PEI) announced today that its Board of Trustees has declared a quarterly cash dividend of $0.16 per common share, which represents a 6.7% increase over the prior dividend amount. The dividend will be paid on June 15, 2012 to common shareholders of record on June 1, 2012. The June 15, 2012 dividend payment will be PREIT's 141st consecutive distribution since its initial dividend paid in August of 1962. The a style='font-size
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