Essex Property Trust announced that its Board of Directors has approved a 5.0% increase to its annual cash dividend. This represents the Company’s 29th consecutive annual dividend increase. The Board of Directors has declared a first quarter dividend of $2.31 per share, payable on April 14, 2023 to shareholders of record as of March 31, 2023. On an annualized basis, the dividend represents a distribution of $9.24 per common share.
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on ESS:
- Essex Property Trust price target raised to $246 from $235 at Mizuho
- Essex Property Trust reports Q4 core FFO $3.77, consensus $3.74
- Housing downturn could fuel gains for residential REITs, Barron’s says
- Essex Property Trust price target raised to $250 from $247 at Truist
- Essex Property Trust downgraded to Neutral from Outperform at SMBC Nikko