First Industrial Keeps Dividend Steady

The industrial real estate developer reinstated its quarterly payout earlier this year.

Rich Duprey
Rich Duprey
(TMFCop)
Aug 7, 2013 at 10:18PM
Financials

Industrial real estate developer First Industrial Realty Trust (NYSE: FR) announced today its third-quarter dividend of $0.085 per share/unit, the same rate it's paid for the past two quarters after reinstating the dividend earlier this year.

The board of directors said the quarterly dividend is payable on October 21 to holders of record at the close of business on September 30. Macerich had suspended the dividend in 2008 at the height of the financial crisis.

The regular dividend payment equates to a $0.34-per-share annual dividend, yielding 2.1% based on the closing price today of First Industrial Realty Trust's stock.

FR Dividend Chart

FR Dividend data by YCharts.