Sun Communities Declares Quarterly Dividend

Sun Communities, Inc. (NYSE:SUI) has announced a quarterly dividend of $0.63 per share payable to shareholders of record on Dec. 31, 2013. This represents a $2.52 annualized dividend with a yield of 5.95 percent payable Jan. 17th. Three equities research analysts have issued a buy rating on the stock, while one has issued a hold, according to The stock opened today (Dec. 19) at 42.34, and has a 52-week range from $38.77 per share to $57.78. As MHProNews knows, real estate investment trust (REIT) Sun owns 185 manufactured home and recreational vehicle communities comprised of 68,300 homesites.

(Photo credit: Sun Communities, Inc.)

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