Government Properties Declares Fresh Dividend
Government Properties Income Trust has elected to stick to its existing dividend policy for the time being. The real estate investment trust declared a quarterly common stock distribution of $0.43 per share, to be handed out on or about November 22 to shareholders of record as of October 25. That amount matches each of the REIT's four preceding payouts, the most recent of which was dispensed in August. Prior to that, Government Properties paid $0.01 less, or $0.42 per share.http://www.nasdaq.com/symbol/gov/dividend-history
The REIT is a steady dividend payer. Since its first distribution in November 2009, its disbursement has ranged from $0.40 to $0.50.
The just-declared dividend annualizes to $1.72 per share. That yields 7.3% at Government Properties' current stock price of $23.58.
The article Government Properties Declares Fresh Dividend originally appeared on Fool.com.
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