Douglas Emmett cuts quarterly cash dividend to 19c per share from 28c

Douglas Emmett announced that its Board of Directors has declared a quarterly cash dividend on each share of its common stock of 19c, or 76c on an annualized basis, to be paid on January 18, 2023 to shareholders of record as of December 30, 2022. This represents a reduction from the Company’s previous quarterly dividend of 28c per common share, which was paid on October 18, 2022. The new dividend rate will provide the company with more than $74M per year in additional liquidity. This further reinforces Douglas Emmett’s already strong financial position and enhances the company’s ability to take advantage of compelling opportunities as they arise.