Kilroy Realty Corporation (KRC) will pay a special cash dividend of $1.90 per share, together with its regular $0.375 per share quarterly dividend.

The purpose of the special cash dividend is to distribute taxable income to common stockholders primarily related to gains from the sale of real property in 2016. The payment of the regular quarterly dividend of $0.375 per share and the special dividend of $1.90 per share will result in a total payment of $2.275 per common share payable on January 13, 2017 to stockholders of record on December 30, 2016.

Kilroy Realty Corporation, a REIT, is one of the West Coast’s premier landlords. The company's tenants include technology, entertainment, digital media and health care companies. Kilroy owns office space and residential units located in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and Greater Seattle.