Camden Property Trust (CPT) will raise its quarterly dividend by 7.1 percent to $0.75 per share in 2016. This comes after a 6.1 percent dividend hike by the REIT last year.
Camden Property Trust is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. The company's properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with a range of amenities common to multifamily rental properties.