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Regency Centers announces ground-up development in Houston
Jacksonville, Fla. -- Shopping center owner Regency Centers said Thursday that it has launched construction on Southpark at Cinco Ranch, a 260,000-sq.-ft. neighborhood center anchored by Kroger, in Fort Bend County, Houston.
In partnership with Excel Commercial Real Estate, Regency Centers began construction of the center’s first phase on Feb. 20, with anchor openings scheduled for fourth quarter 2012.
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Wal-Mart boosts annual dividend 9%
Bentonville, Ark. -- Wal-Mart Stores Inc. said Thursday it is continuing its annual tradition of increasing shareholder payout by raising its dividend by 9%.
Wal-Mart will pay a quarterly dividend of 39.75 cents on April 4 to shareholders of record on March 12. That works out to $1.59 per share for the year. The company has increased its dividend every year since its first declared dividend in March 1974.
According to Wal-Mart president and CEO Mike Duke, the company's U.S. business is back on track, and international results remain strong.