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Saturday, January 15, 2011

Sun Communities (SUI) Declares $0.63 Quarterly Dividend; 7.6% Yield

Sun Communities, Inc. (NYSE:SUI),  a real estate investment trust ("REIT") that owns and operates manufactured housing and recreational vehicle communities,  today announced its Board of Directors declared a quarterly dividend of $0.63 per share for the fourth quarter of 2010. The dividend is payable January 21, 2011 to shareholders of record January 12, 2011.  Sun Communities has 19.9 million shares outstanding.

Sun Communities, Inc. is a REIT that currently owns and operates a portfolio of 136 communities comprising approximately 47,600 developed sites.

Disclosure I am not long but I have been watching this stock waiting on a great chance to get in. 

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