Education Realty Graduates With 10% Dividend Hike
College dorm room operator Education Realty Trust announced today its second-quarter dividend of $0.11 per share, a 10% hike in the payout of $0.10 per share that it made last quarter.
The board of directors said the quarterly dividend is payable on Aug. 15 to the holders of record at the close of business on July 31. The collegiate-housing REIT has made quarterly payouts to investors since 2005.
The regular dividend payment equates to a $0.44-per-share annual dividend, yielding 4.2% based on the closing price of Education Realty Trust's stock on July 12.
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