SL Green cuts fourth-quarter dividend
December 30, 2008 03:30PM
SL Green Realty Corp. CEO Marc Holliday
SL Green Realty Corp. announced yesterday that it is cutting its fourth-quarter dividend to 37 cents per common share, down from 78 cents in the fourth quarter of 2007. The company hopes the move will conserve about $95 million for the company in 2009, CEO Marc Holliday said in a statement. Holliday said he hopes the savings will allow the company to take advantage of investment opportunities and pay off its debt. [GlobeSt]
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