BXP Embraces Dividend Cut to Trigger Strategic Growth

Key Takeaways BXP cut its quarterly dividend to 70 cents, a 28.6% reduction, to fund growth projects.The move frees $50M each quarter to support developments like 343 Madison Avenue.BXP plans asset sales and private equity partnerships to boost balance sheet flexibility.BXP Inc. (BXP) recently announced a strategic roadmap to boost future earnings growth and facilitate expansion of capacity for future investments through deleveraging. However, the office REIT embarked on a dividend cut as a major driver to ...