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Real estate investment trust Federal Realty Investment Trust (FRT) will increase its quarterly dividend by 8 percent to $0.94 per share in 2015.

The increased dividend is payable on October 15, 2015 to shareholders of record at the close of business on September 22, 2015. The ex-date for his next dividend of 94 cents per share is September 18, 2015.

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.