Equity One cuts dividend by 17.8%

Equity One (EQY) will lower its quarterly dividend from $0.22 to $0.18089 per share.

Back in 2009 the shopping centers operator had already cut its dividend from $0.30 to $0.22 per share. The last dividend hike dates back to December 2005, when Equity One raised its payout by $0.01 to $0.30 per share.

Equity One, Inc. is a real estate investment trust. The Company owns, manages, acquires, develops and redevelops shopping centers and retail properties located in supply constrained suburban and urban communities.

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