Real estate investment trust Government Properties Income Trust (NASDAQ:GOV)this week declared a quarterly common-stock distribution of $0.43 per share, to be dispensed on or about Aug. 23 to shareholders of record as of July 26. That amount matches each of Government Properties' three previous payouts, the most recent of which was distributed in May. Prior to that, it paid $0.42 per share.
The company is a reliable and steady dividend payer. Since its first payout in November 2009, its disbursement has ranged from $0.40 to $0.50.
The just-declared dividend annualizes to $1.72 per share. That yields 6.7% at Government Properties' most recent closing stock price of $25.84.
Fool contributor Eric Volkman has no position in Government Properties Income Trust. Nor does The Motley Fool. 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.