Acadia Realty Trust (AKR) will raise its quarterly dividend from $0.25 to $0.26 per share. Also a $0.15 per share special dividend was announced.

Both dividends are payable on January 13, 2017 to holders of record as of December 30, 2016. 

“The continued execution of our core growth strategy has allowed us to once again increase our regular quarterly dividend. In addition, this is the third consecutive year our shareholders are receiving a special dividend resulting from the significant gains generated from the ongoing value creation within our Fund business,” stated John Gottfried, Senior Vice President and CFO of Acadia Realty Trust.

The new dividend yield for retail REIT Arcadia is 3.1% based on Thursday's closing price of $32.35.

Acadia Realty Trust, a real estate investment trust (REIT), engages primarily in the ownership, acquisition, redevelopment, and management of retail properties in the United States.