The board of directors said the quarterly dividend is payable on July 17 to the holders of record at the close of business on June 28. The REIT has made a quarterly payout every year since 1997.
The board also declared dividends for its two classes of preferred shares. On the 6.875% Series G cumulative redeemable preferred stock it will pay a dividend of $0.4296875 per share. For the 6.375% Series H cumulative redeemable preferred stock Kilroy will pay a dividend of $0.3984375 per share. Both preferred dividends will be payable on August 15 to shareholders of record on July 31.
The regular dividend payment equates to a $1.40-per-share annual dividend, yielding 2.4% based on the closing price of Kilroy Realty's stock on May 23.
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