Multifamily real estate investment trust Colonial Properties Trust (UNKNOWN:CLP.DL) announced yesterday its third-quarter dividend of $0.21 per share, the same rate it's paid for the past two quarters after raising the payout 17% from $0.18 per share.
The board of directors said the quarterly dividend is payable on July 31 to the holders of record at the close of business on July 19. The REIT has made quarterly payouts to investors since 1994.
The regular dividend payment equates to an $0.84-per-share annual dividend, yielding 3.5% based on the closing price of Colonial Properties Trust's stock on July 8.
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.