According to tickerreport.com, manufactured housing community owner Equity LifeStyle Properties, Inc. (ELS) has announced it will pay shareholders of record on Friday, March 28, 2014 a dividend of $0.325 per share on Friday, April 11, 2014, representing an annualized dividend of $1.30 and a dividend yield of 3.17 percent. The company’s previous quarterly dividend was $0.25. The company has a market cap of $3.416 billion and a P/E ratio of 31.40. In early January analysts at Wells Fargo & Co, and at Zacks upgraded shares to an “outperform” rating. MHProNews.com understands ELS is the largest owner of manufactured home and recreational vehicle communities in North America with over 140,000 homesites comprising 370 communities. ##

(Image credit: Equity LifeStyle Properties, Inc.)