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SL Green Realty (SLG) will raise its quarterly dividend by 51.5 percent to $0.50 per share in Q4 of 2013. Last year the dividend was increased by 32 percent.

SL Green Realty Corp., New York City's largest office landlord, is a fully integrated real estate investment trust, or REIT, that is focused primarily on acquiring, managing and maximizing value of Manhattan commercial properties. In addition to its Manhattan buildings SL Green holds ownership interests in suburban in Brooklyn, Long Island, Westchester County, Connecticut and New Jersey.