VEREIT Inc (VER) will lower its dividend to $0.1375 quarterly. On July 28th 2015 American Realty Capital Properties changed its name to VEREIT. Also a monthly dividend of $0.083 per share was changed into a quarterly dividend payment. Last year the company hiked its dividend by 6.4 percent.

VEREIT is a full-service real estate operating company which owns and manages a portfolio of single-tenant commercial properties (retail, restaurant, office and industrial) in the United States. The company's business model provides equity capital to creditworthy corporations in return for long-term leases on their properties. On July 28th 2015 American Realty Capital Properties changed its name to VEREIT and a monthly dividend was changed into a quarterly dividend payment. The company has paid a dividend to shareholders every year since 2011.