EPR Properties (EPR) will raise its monthly dividend by 4.2 percent to $0.375 per share in 2019. The specialy REIT has now increased its annual dividend in each of the last nine years.
The next dividend of $0.375 per common share is payable February 15, 2019 to shareholders of record on January 31, 2019. A new annualized dividend of $4.50 per common share yields 6.4% at at stock price of $70.70.
“We are pleased to announce a dividend increase for 2019,” commented Company President and CEO Greg Silvers. “Having successfully executed a significant capital recycling plan in 2018, this increase demonstrates the ongoing strength of our investment portfolio.”
EPR Properties is a specialty real estate investment trust (REIT) that invests in entertainment, education and recreation properties. EPR has investments in megaplex theatres, entertainment retail centers, family entertainment centers, public charter schools, early education centers, K-12 private schools, ski areas, waterparks, golf entertainment complexes and other recreational real estate.