Convenience store and gas station operator REIT Getty Realty (NYSE: GTY) announced today its third-quarter dividend of $0.20 per share, the same rate it's paid for the past two quarters after raising the payout 60% from $0.125 per share.
The board of directors said the quarterly dividend is payable on October 10 to holders of record at the close of business on September 26. The regular dividend payment equates to a $0.80-per-share annual dividend, yielding 4% based on the closing price today of Getty Realty's stock.
Fool contributor Rich Duprey and The Motley Fool have no position in any 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.