Office and multifamily housing operator Douglas Emmett announced yesterday its second-quarter dividend of $0.18 per share, the same rate it's paid for the last two quarters after raising the payout 20% from $0.15 per share.
The board of directors said the quarterly dividend is payable on July 15 to the holders of record at the close of business on June 28. The real estate investment trust has made quarterly cash payouts since 2006.
The regular dividend payment equates to a $0.72-per-share annual dividend, yielding 2.8% based on the closing price of Douglas Emmett's stock on June 4.
The article Douglas Emmett Keeps Dividend Steady at $0.18 originally appeared on Fool.com.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.