MEMPHIS, Tenn., Oct. 8, 2009 (GLOBE NEWSWIRE) -- Education Realty Trust, Inc. (NYSE:EDR), a leader in the ownership, management and development of student housing, today announced that its board of directors has approved a quarterly cash dividend of $0.05 per share of common stock for the quarter ended September 30, 2009. The dividend will be payable November 16, 2009 to shareholders of record as of October 30, 2009.
As previously announced in the Company's 8-K filing dated July 21, 2009, the quarterly cash dividend communicated herein is consistent with the dividend policy established by the board of directors upon completion of the Company's July 2009 follow-on equity offering.
About Education Realty Trust
Education Realty Trust (NYSE:EDR) is a self-administered, self-managed real estate investment trust that owns, develops and manages high-quality student housing communities throughout the United States. Led by a team with over 200 years of shared industry experience, EDR is one of America's largest owners and operators of collegiate student housing. Its portfolio includes 64 communities in 22 states with 37,827 owned and managed beds. For more information, please visit the Company's website at www.educationrealty.com.