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BioMed Declares Dividends on Common, Preferred Shares

BioMed Realty Trust Inc., a San Diego-based investment firm focused on life-sciences real estate, announced March 14 that its board of directors has declared a first quarter 2011 dividend of 20 cents per share of common stock.

A company statement said the dividend is 17.6 percent higher than the prior quarter’s 17 cents per share.

BioMed’s board has also declared a dividend of just over 46 cents per share for the company’s 7.375 percent Series A cumulative preferred stock for the period from Jan. 16 through April 15.

Both dividends are payable on April 15 to stockholders of record at the close of business on March 31, the statement said.

BioMed, with headquarters in Rancho Bernardo, owns or has interests in 85 U.S. properties, representing 147 buildings with approximately 12.2 million rentable square feet.

— Lou Hirsh

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