Colonial Properties Trust Announces Quarterly Dividend on Preferred Shares.

Publication: Business Wire

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COPYRIGHT 2006 Business Wire

BIRMINGHAM, Ala. -- Colonial Properties Trust (NYSE: CLP), announced that its Board of Trustees declared first quarter 2006 dividends for the company's preferred shares.

The Series C Cumulative Redeemable Preferred Shares dividend of $0.578125 per preferred share will be paid on March 31, 2006 to shareholders of record on March 15, 2006, representing an ex-dividend date of March 13, 2006. The dividend on the Company's 9.25% Series C Preferred Shares represents an annualized dividend of $2.3125 per share.

The Series D Depositary Shares, each...

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