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Strategies & Market Trends : Capital Automotive (CARS)
CARS 12.58-0.7%Dec 26 3:59 PM EST

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From: JakeStraw4/12/2005 8:35:03 AM
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Capital Automotive Boosts Its Dividend
biz.yahoo.com
Tuesday April 12, 8:26 am ET

Capital Automotive Hikes Quarterly Dividend, Reaffirms 2005 Dividend Guidance

MCLEAN, Va. (AP) -- Specialty finance company Capital Automotive REIT said Tuesday its board raised the company's quarterly dividend to 43.8 cents per share, payable on May 20 to shareholders of record as of May 10.

The dividend hike represents an annual rate of $1.752 per share. The company reaffirmed its 2005 annual common share dividend guidance of $1.80 per share
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