CLEVELAND--(BUSINESS WIRE)--Sept. 10, 2003--Forest City
Enterprises, Inc. (NYSE:FCEA)(NYSE:FCEB) announced today that the
Board of Directors declared a quarterly cash dividend of $0.09 per
share (annual rate of $0.36 per share) on the outstanding shares of
both Class A and Class B Common Stock, payable on December 15, 2003,
to shareholders of record at the close of business on December 1,
Forest City Enterprises, Inc. is a $5.3 billion NYSE-listed real
estate company headquartered in Cleveland, Ohio. The Company is
principally engaged in the ownership, development, acquisition and
management of commercial and residential real estate throughout the
United States. The Company's portfolio includes interests in retail
centers, apartment communities, office buildings and hotels in 21
states and the District of Columbia.
Forest City Enterprises, Inc.
Thomas G. Smith or Thomas T. Kmiecik, 216-621-6060
On the Web: www.forestcity.net
SOURCE: Forest City Enterprises, Inc.