Kite Realty Keeps Dividend Steady
Shopping center REIT Kite Realty Groupannounced yesterday its second-quarter dividend of $0.06 per share, the same rate it's paid since 2009.
The board of directors said the quarterly dividend is payable on July 12 to the holders of record at the close of business on July 5. The REIT has made quarterly payouts to investors since 2004.
The regular dividend payment equates to a $0.24-per-share annual dividend, yielding 4% based on the closing price of Kite Realty Group's stock on June 17.
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