Duke Realty Corporation (DRE) will raise its quarterly dividend by 5.6 percent to $0.19 per share. The third quarter dividend will be payable November 30, 2016 to shareholders of record on November 16, 2016.

Jim Connor, President and CEO of Duke Realty commented: "I am also very pleased to announce that, given the strength of our balance sheet and our optimistic outlook in the ability to continue to grow adjusted funds from operations, our board of directors today authorized a 5.6 percent increase, or $0.01 per share, in the regular quarterly dividend."

The industriall offices REIT currently has a 2.8% dividend yield.

Duke Realty Corporation is an industrial REIT. The company specializes in the ownership, management and development of bulk distribution real estate. Its properties are leased by a diverse base of  tenants whose businesses include e-commerce, government services, manufacturing, retailing, wholesale trade, and distribution. As a fully integrated commercial real estate firm the company provides in-house leasing, management, development and construction services. Duke Realty launched its business in 1972 with the development of an industrial building in Indianapolis, IN. Currently the company has properties in 21 major logistics markets across the United States.