BRIEF-Independence Realty Trust Announces $250 Million Share Repurchase Authorization And Increases Quarterly Dividend By 17%
May 18 (Reuters) - Independence Realty Trust Inc (IRT):
* INDEPENDENCE REALTY TRUST ANNOUNCES $250 MILLION SHARE
REPURCHASE AUTHORIZATION AND INCREASES QUARTERLY DIVIDEND BY 17%
* BOARD OF DIRECTORS AUTHORIZED A REPURCHASE PROGRAM OF UP
TO $250
MILLION OF COMPANY'S COMMON STOCK
* INDEPENDENCE REALTY TRUST-BOARD ALSO APPROVED QUARTERLY
DIVIDEND
OF $0.14 PER SHARE OF COMMON STOCK, REPRESENTING 17% INCREASE
OVER PRIOR QUARTERLY RATE
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