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Sun Leaves Diseased Tree, Declares Quarterly Dividend

Sun_CommunitiesFollowing a story MHProNews posted Dec. 17, 2015 regarding a diseased tree that Sun Communities (SUI) was ordered to remove from Water Oak manufactured home community in Lady Lake, FL, villages-news reports as of Sunday, the tree was still there.

Special Magistrate Valerie Fuchs ordered Sun to remedy the tree or face a $250 a day fine for each day beginning Christmas the problem was not resolved. The homeowner who lives under the tree has reported damage to the house.

Meanwhile, nasdaq informs MHProNews that Sun has set Dec. 29, 2015 for a cash dividend payment of $0.65 per share payable to shareholders as of Jan. 15, 2016, marking the eighth quarter that the company has paid the same dividend. The current stock price of $68.83 will yield a dividend of 3.78%.

Sun sold for $68.83 per share the last trading day, representing a drop of -5.61 percent from the 52-week high of $72.92, and a 14.15 percent increase over the stock’s 52-week low of $60.29. ##

(Image credit: Sun Communities, Inc.)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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