Essential Properties Realty Trust, Inc. (EPRT) will start paying a quarterly dividend in 2018. The first payment is $0.224 per share and is comprised of $0.21 for the third quarter ending September 30, 2018 and $0.014 for the six days of the second quarter ended June 30, 2018 following the closing of the Company’s initial public offering.

This first ever dividend is payable on October 12, 2018 to stockholders of record as of the close of business on September 28, 2018. An indicated annual rate of 84 cents yields 5.8% at a stock price of $14.50.

Essential Properties Realty Trust, Inc. is an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. Essential Properties Realty Trust became a public company in 2018 and paid its first quarterly dividend later that year.