DALLAS, Feb. 21, 2002 (PRIMEZONE) -- American Realty Investors, Inc. (NYSE:ARL) Thursday announced that no annual dividend will be paid to holders of its common stock for calendar year 2001. The decision was voted by ARI directors at the February 20 board meeting.
American Realty's annual consideration of a payment to common shareholders follows the fiscal yearend on Dec. 31, allowing the board to base the decision on actual financial results.
American Realty Investors, Inc., a Dallas-based real estate investment company, holds a diverse portfolio of equity real estate located across the U.S., including office buildings, apartments, hotels, shopping centers and developed and undeveloped land. ARI also has interests in mortgage loans and real estate-related entities. For more information on the company, go to www.amrealtytrust.com .