Paramount Group (PGRE) will raise its quarterly dividend by 5.3 percent to ten cents per share in 2018. It's the first ever dividend hike by PGRE following its dividend initiation back in 2014.

The dividend will be payable on April 13, 2018 to stockholders of record as of the close of business on March 29, 2018. The new yield for PGRE is 2.8%.

Headquartered in New York City, Paramount is a fully-integrated real estate investment trust that owns, operates, manages, acquires and redevelops high-quality, Class A office properties located in select central business district submarkets of New York City, Washington, D.C. and San Francisco. Paramount is focused on maximizing the value of its portfolio by leveraging the sought after locations of its assets and its proven property management capabilities to attract and retain high-quality tenants.