Commercial office space REIT Brookfield Canada Office Properties (NYSE: BOXC) announced yesterday its monthly dividend for July of $0.0975 per trust unit, some 3% more than the rate it paid for June.
The board of directors said the dividend is payable on July 15 to the holders of record at the close of business on June 28. Unitholders resident in Canada will receive payment in Canadian dollars while unitholders resident in the U.S. will receive their distributions in U.S. dollars at the exchange rate on the record date.
The regular dividend payment equates to a $1.17-per-share annual dividend, yielding 4.5% based on the closing price of Brookfield Canada Office Properties' stock on June 17.
