| American Realty Capital Properties, Inc. Announces Monthly Distribution for December 2011 and AtheroNova and Maxwell Biotech Group Ratify Agreement to Develop New Atherosclerosis Drug |
| News - Financial News |
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NEW YORK--(BUSINESS WIRE)-- American Realty Capital Properties, Inc., (the Company) (NASDAQ: ARCP - News) announced today that, pursuant to the prior authorization of its board of directors, the Company has a declared an annual dividend of $0.875 per share to be paid monthly to stockholders of record at the close of business on the 8th day of each month payable on the 15th day of such month. Accordingly, on December 15, 2011, the Company will pay a distribution of $0.0729 per share to stockholders of record at the close of business on December 8, 2011.American Realty Capital Properties, Inc. is publicly-traded Maryland corporation listed on The NASDAQ Capital Market that intends to qualify as a real estate investment trust (REIT) focused on owning and acquiring single tenant freestanding commercial properties subject to net leases with high credit quality tenants. [Read the full article] NEW YORK--(BUSINESS WIRE)-- American Realty Capital Properties, Inc., (the Company) announced today that Standard & Poor's Ratings Services (S&P) has upgraded the credit ratings of two Citizens Financial Group, Inc. subsidiaries that are tenants of the Company, RBS Citizens, N.A., and Citizens Bank of Pennsylvania, from A-/A2 to A/A1. S&P also affirmed its stable outlook for both subsidiaries. The Company(TM)s portfolio includes 55 properties that are leased to RBS Citizens, N.A. and four properties that are leased to Citizens Bank of Pennsylvania.Citizens Bank has a strong competitive position as a major U.S. bank with good market share, particularly in New England, the Mid-Atlantic and the Midwest, observed Nicholas S. Schorsch, CEO of the American Realty Capital Properties. [Read the full article] Looking at the universe of stocks we cover at Dividend Channel, on 12/6/11, American Realty Capital Properties Inc (NASD: ARCP) will trade ex-dividend, for its monthly dividend of $0.0729, payable on 12/15/11. As a percentage of ARCP’s recent stock price of $10.22, this dividend works out to approximately 0.71%. Below is a dividend history chart for ARCP, showing historical dividends prior to the most recent $0.0729 declared by American Realty Capital Properties Inc: In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from ARCP is likely to continue, and whether the current estimated yield of 8.56% on annualized basis is a reasonable expectation of annual yield going forward. [Read the full article] 
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