Kilroy Realty Corporation (KRC) will raise its quarterly dividend by 6.6 percent to $0.485 per share in the second quarter of 2019. Last year the West Coast landlord raised its dividend by 7.1 percent.
The next dividend is payable on July 17, 2019 to stockholders of record on June 28, 2019. The new dividend is equivalent to an annual rate of $1.94 per share and yields 2.5% at a stock price of $77.
Kilroy Realty Corporation, a REIT, is one of the West Coast’s premier landlords. The company's tenants include technology, entertainment, digital media and health care companies. Kilroy owns office space and residential units located in the coastal regions of Los Angeles, Orange County, San Diego, the San Francisco Bay Area and Greater Seattle.
2022