Retail center REIT Inland Real Estate (UNKNOWN:IRC.DL) announced yesterday that it set its monthly disbursement for August at $0.0475 per share, the same monthly rate it's paid for the last four years.

The board of directors said the quarterly dividend is payable on Aug. 19 to the holders of record at the close of business on July 31. The REIT had reduced its dividend payment nearly in half from $0.0817 during the recession as a means of preserving cash.

The regular dividend payment equates to a $0.57-per-share annual dividend, yielding 5.4% based on the closing price of Inland Real Estate's stock on July 17.

IRC Dividend Chart

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