Alexandria Real Estate Equities, Inc. declared on Tuesday a quarterly dividend of $0.51 per share, or $2.04 annualized.
This reflects a dividend increase of about 4 percent. The dividend is payable on July 16 to shareholders of record on June 29.
According to the company, the dividend will be payable on July 16, 2012, to stockholders of record on June 29, 2012, with an ex-dividend date of June 27, 2012.
"The dividend increase will allow the company to share its increase in cash flows from operations with its common shareholders while also continuing to retain cash flows from operations for reinvestment,” said Joel Marcus, Chief Executive Officer of Alexandria.
“Over the past 12 months, we have increased our cash dividend per common share by 6 cents, or approximately 13 percent," he added.
This is a 4.1 percent increase from the prior dividend of $0.49. The annual yield on the dividend is 3 percent.
