Duke Realty (DRE) will raise its quarterly dividend by 7.5 percent to $0.215 per share in 2018. This follows a 5.3 percent dividend hike by the REIT last year.

The next dividend will be payable on November 30, 2018 to shareholders of record on November 15, 2018. Duke Realty has now raised its dividend for 4 consecutive years.

Duke Realty Corporation is an industrial REIT. The company specializes in the ownership, management and development of bulk distribution real estate. Its properties are leased by a diverse base of  tenants whose businesses include e-commerce, government services, manufacturing, retailing, wholesale trade, and distribution. As a fully integrated commercial real estate firm the company provides in-house leasing, management, development and construction services. Duke Realty launched its business in 1972 with the development of an industrial building in Indianapolis, IN. Currently the company has properties in 21 major logistics markets across the United States.