Brandywine Realty Trust (BDN) will raise its quarterly dividend by 5.6 percent to $0.19 per share in the first quarter of 2019. This will mark the third consecutive year of dividend increases by the commercial REIT.

The increased quarterly dividend is payable on January 22, 2019 to holders of record on January 8, 2019.

The quarterly dividend is equivalent to an annual rate of $0.76 per share and yields 5.4% to shareholders at a stock price of $14.02.

Brandywine Realty Trust is a real estate investment trust (REIT). The Company operates through five segments: Pennsylvania Suburbs, Philadelphia Central Business District (CBD), Metropolitan Washington, D.C., Austin, Texas, and Other. The Other segment includes properties in Burlington and Camden counties in New Jersey, New Castle County in the state of Delaware and the City of Concord in California.