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.
Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
More from The Motley Fool
GE Heads Toward a Low, Tiffany's Hits a High
And in between, we’ve got news from Nestle and Papa John’s.
Why BP Prudhoe Bay Royalty Trust, Albemarle, and Adtran Slumped Today
One of these stocks dropped after making a lucrative payout to shareholders. Find out which one.
3 Things That Can Go Wrong for Netflix on Monday
Momentum is in Netflix's corner, but valuation and growth concerns, and even the upcoming Winter Olympics, can shake things up for the streaming-video pioneer.