Essex Property Trust (ESS) will raise its quarterly dividend by 4.8 percent to $1.95 per share in the first quarter of 2019. This marks the 25th consecutive year of annual dividend increases by the REIT.
The next dividend is payable on April 12, 2019 to shareholders of record as of March 29, 2019. On an annualized basis, the dividend represents a distribution of $7.80 per common share, yielding 2.8% at the current stock price.
Essex Property Trust, Inc. Is a real estate investment trust (REIT) engaged primarily in the ownership, operation, management, acquisition, development and redevelopment of predominantly apartment communities, located along the West Coast of the United States. The company's most important cities in terms of revenues and property income are Santa Clara, Seattle, San Francisco, Los Angeles, Orange County, San Diego, Ventura and East Bay. Essex Property Trust, Inc. became a public company in 1994.
2022