Gazit-Globe
Gazit-Globe Declares a Quarterly Dividend of NIS 0.45 Per Share, and an Increase of 2.2% in Its Dividend for 2015 to NIS 1.84 Per Share

DGAP-News: Gazit-Globe

25.11.2014 / 10:44

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TEL-AVIV, Israel, 2014-11-25 10:44 CET (GLOBE NEWSWIRE) -- Gazit-Globe
(NYSE:TSX) (TASE:GZT), one of the world's leading multi-national real estate
companies focused on the acquisition, development and redevelopment of
supermarket-anchored shopping centers in major urban markets, announced today
that its Board of Directors has declared a quarterly cash dividend of NIS 0.45
per share for its common stock, payable on December 29, 2014 to stockholders of
record on December 15, 2014. The dividend represents an annualized distribution
of NIS 1.80 per share. 

The Company's Board of Directors declared a dividend policy for 2015 of a
minimum quarterly dividend payment of NIS 0.46 per share, representing an
annualized dividend of NIS 1.84 per share, to be distributed as of the first
quarter of 2015, representing growth of 2.2% over the 2014 dividend. Since
initiating its dividend in 1998, Gazit-Globe has increased its annual dividend
for 16 consecutive years. 

Beginning in 2016, the Company will announce all changes to its dividend policy
for the coming year each January. 

Holders of Gazit-Globe's shares on the NYSE and TSX will receive their
distribution in U.S. dollars based on the NIS exchange rate as of the record
date. Canadian shareholders may request that their brokers convert their
payment in U.S. dollars into Canadian dollars. 

About Gazit-Globe

Gazit-Globe is one of the largest owners, developers and operators of
predominantly supermarket-anchored shopping centers in major urban markets
around the world. Gazit-Globe is listed on the New York Stock Exchange
(NYSE:GZT), the Toronto Stock Exchange (TSX:GZT) and the Tel Aviv Stock
Exchange (TASE:GZT) and is included in the TA-25 and Real-Estate 15 indices in
Israel. Gazit-Globe owns and operates 540 properties in more than 20 countries,
with a gross leasable area of approximately 6.4 million square meters and a
total value of approximately US$ 21 billion. 

FORWARD LOOKING STATEMENTS

This release may contain forward-looking statements within the meaning of
applicable securities laws. In the United States, these statements are made
pursuant to the safe harbor provisions of the Private Securities Litigation
Reform Act of 1995. Such statements involve a number of known and unknown risks
and uncertainties, many of which are outside our control, that could cause our
future results, performance or achievements to differ significantly from the
results, performance or achievements expressed or implied by such
forward-looking statements. Important factors that could cause or contribute to
such differences include risks detailed in our public filings with the SEC and
the Canadian Securities Administrators. Except as required by applicable law,
we undertake no obligation to update any forward-looking or other statements
herein, whether as a result of new information, future events or otherwise. 


         CONTACT: Investors Contact:
         IR@gazitgroup.com,
         Media Contact: press@gazitgroup.com
         Gazit-Globe Headquarters,
         Tel-Aviv, Israel, Tel: +972 3 694 8000 /
         New York Office, Tel: +1 212 897 9741
News Source: NASDAQ OMX



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25.11.2014 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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Language:    English       
Company:     Gazit-Globe   
 
 
             Panama        
ISIN:        PAL0605071A3  
 
 
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