CHICAGO--(BUSINESS WIRE)-- Equity Residential (NYSE: EQR), today announced that the company declared dividends on its common and preferred shares.

The quarterly common share dividend will be $0.3375 per share and will be paid on October 9, 2009 to shareholders of record on September 21, 2009.

On July 29, 2009 the company announced that it expected to reduce its common share dividend to $0.3375 per share, an annual rate of $1.35, to reflect reductions in cash flow from ongoing operations and to better position the company to take advantage of opportunities.

The following regular quarterly dividends will be paid on the company's preferred/depositary shares:

Series    Record Date           Payment Date          Amount/Share

E         September 21, 2009    October 1, 2009       $0.4375

H         September 21, 2009    September 30, 2009    $0.4375

K         September 18, 2009    September 30, 2009    $1.03625

N         September 21, 2009    October 15, 2009      $0.405

Equity Residential is an S&P 500 company focused on the acquisition, development and management of high quality apartment properties in top U.S. growth markets. Equity Residential owns or has investments in 523 properties totaling 143,101 units. For more information on Equity Residential, please visit our website at www.equityresidential.com.

    Source: Equity Residential