The company said the dividend represents 2007 real estate investment trust taxable income above the amount distributed through the company's regular quarterly dividends.
Capital Trust said it will still pay its quarterly dividend of 80 cents per share on Jan. 15 to shareholders of record as of Dec. 31.
Capital Trust shares rose $1.49, or 4.3 percent, to $35.88 in electronic after-hours trading. During regular trading, shares fell 2 cents to close at $34.39.
© 2007 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
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