Federal Realty Hikes Dividend 2.7%, Extending 59-Year Growth Streak
FRT sits 38% above its 52-week low of $89.99.
Summary
Federal Realty raised its quarterly dividend by 2.7% to $1.16 per share, marking the 59th consecutive year of increases. The new rate implies a 3.74% annual yield based on Thursday's close. This follows the strong Q2 earnings and guidance raise reported earlier today, reinforcing the REIT's financial health and commitment to shareholder returns. The increase keeps FRT in the S&P 500 Dividend Aristocrats Index and the Dividend Kings list, underscoring its elite dividend track record. The dividend is payable October 15 to shareholders of record October 1.
At the time of this announcement, FRT was trading at $124.09 on NYSE in the Real Estate & Construction sector, with a market capitalization of approximately $10.8B. The 52-week trading range was $89.99 to $128.21. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Dow Jones Newswires.