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Real Estate Investment Trust Federal Realty Investment (FRT) will raise its quarterly dividend by 11.5  percent to $0.87 per share in 2014.

The increased dividend is payable October 15, 2014 to shareholders of record at the close of business on September 22, 2014. The ex-date for his next dividend of 87 cents per share is September 18, 2014.

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles.