American Campus Communities (ACC) will raise its quarterly dividend by 4.5 percent to $0.46 per share in the second quarter of 2018. This marks the 6th consecutive year of higher dividends for the REIT.

The next dividend is payable on May 25, 2018, to shareholders of record at the close of business on May 14, 2018.

“We are pleased to provide a sixth consecutive annual dividend increase for shareholders,” said Bill Bayless, American Campus Communities CEO. “The long-term stability of our operating performance has allowed the Board of Directors to maintain or increase the company’s dividend throughout the 54 quarters since going public, representing over 36 percent growth in the dividend since 2012.”

The $0.46 quarterly dividend payment is equivalent to $1.84 per share on an annualized basis, and represents a yield of approximately 4.7 percent on the May 1, 2018 closing price of $39.39 per share.

American Campus Communities, Inc. is an owner, manager and developer of student housing communities in the United States. The company is a fully integrated, self-managed and self-administered equity real estate investment trust (REIT) with expertise in the design, finance, development, construction management and operational management of student housing properties.