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Brixmor Property Group (BRX) will raise its quarterly dividend by 6.1 percent to $0.26 per share. The next dividend is payable on January 17, 2017 to stockholders of record on January 5, 2017, representing an ex-dividend date of January 3, 2017.

Brixmor Property Group owns retail open-air shopping centers. Based on Tuesday's closing price of $26.68 the estimated dividend yield is 3.9%.

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.