Retail Properties of America (RPAI) isn't keeping all of its rent money for itself. The company has declared a new set of quarterly dividend payments for its shareholders. Holders of all classes of the REIT's common stock will receive $0.165625 per share on July 10 if they're in possession of those shares as of June 28. The firm will also dispense $0.4375 per share of its 7.00% series A cumulative redeemable preferred stock on July 1 to shareholders of record as of June 20.
The common stock dividend, which matches the company's previous payout, annualizes to $0.6625 per share. That yields 4.4% at RP of A's current stock price of $15.13.
