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Brixmor Property Group (BRX) will raise its quarterly dividend by 1.8 percent to 28 cents per share in 2019. This follows a dividend increase from 26 cents to 27.5 cents per share announced by the REIT last year.

The next dividend will be paid on January 15, 2019 to shareholders of record on January 4, 2019.

Brixmor Property Group is a real estate investment trust (REIT) that owns and operates a  national portfolio of open-air shopping centers. The company's portfolio consists predominantly of community and neighborhood shopping centers. Brixmor’s national, regional and local tenants include TJX Companies (TJX), Kroger (KR), Publix Super Markets, Wal-Mart, Ross Stores, Dollar Tree Stores and L.A. Fitness.