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Brixmor Property Group (BRX) will raise its quarterly dividend by 8.9 percent to $0.245 per share. The increased dividend will be paid in January 2016. Brixmor initiated announced its first ever dividend in December 2013 and paid the first dividend in January 2014.

Brixmor Property Group is a real estate investment trust (REIT) that owns and operates a  national portfolio of open-air shopping centers. The company's portfolio consists predominantly of community and neighborhood shopping centers. Brixmor’s national, regional and local tenants include TJX Companies (TJX), Kroger (KR), Publix Super Markets, Wal-Mart, Ross Stores, Dollar Tree Stores and L.A. Fitness.