Alexandria (ARE) Rewards Investors, Hikes Dividend by 2.4%
AREAlexandria Real Estate(ARE) ZACKS·2024-06-04 23:55

Alexandria Real Estate Equities, Inc. (ARE) announced a 2.4% sequential hike in its second-quarter 2024 cash dividend payment. Delighting its shareholders, the company will now pay out a dividend of 1.30pershare,upfromthe1.30 per share, up from the 1.27 paid out in the prior quarter. The increased dividend will be paid out on Jul 15 to shareholders on record as of Jun 28, 2024. Based on the increased rate, the annual dividend comes to $5.20 per share. This results in an annualized yield of about 4.42%, considering Alexandria’s ...