STORE Capital Corporation (STOR) will raise its quarterly dividend by 6.9 percent to $0.31 per share. The next dividend will be paid on October 16, 2017 to STORE Capital stockholders of record as of the close of business on September 29, 2017.

“Our Board is pleased to announce our third annual dividend increase,” said Christopher H. Volk, President and Chief Executive Officer of STORE Capital. “This 6.9% increase reflects the confidence we have in the foundational strengths of our business and our expected growth trajectory.”

STORE Capital Corporation is an internally managed net-lease real estate investment trust (REIT). The company is engaged in the acquisition, investment and management of single tenant operational real estate (STORE) properties. Its customers include restaurants, early childhood education centers, movie theaters, health clubs and furniture stores. STORE is providing real estate financing solutions principally to middle-market and larger businesses that own STORE Properties and operate within the broad-based service, retail and manufacturing sectors of the U.S. economy. STORE has paid a dividend every year since 2014.