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Kite Realty Group Trust (KRG) will raise it's quarterly dividend to $0.2875 per share.

This distribution will be paid on or about January 13, 2017, to shareholders of record as of January 6, 2017.

Kite Realty Group Trust is a real estate investment trust (REIT) spezialized in neighborhood and community shopping centers.

Today’s dividend increase indicates an annualized rate of $1.21 per common share and a yield of approximately 4.9% based on the $24.58 closing price on November 22, 2016.