Federal Realty Investment Trust (FRT) will raise its quarterly dividend by 2.9 percent to $1.05 per share in 2019. This marks the company's 52nd consecutive year of annual dividend increases.

The next common dividend will be payable on October 15, 2019, to common shareholders of record on September 23, 2019. A new annual rate of $4.20 per share yields 3.2% at a stock price of $132.

"Continuing to reliably grow bottom line results despite headwinds remains our focal point and the second quarter didn't disappoint," said Donald C. Wood, President and Chief Executive Officer. "Our multi-faceted business plan including great properties, strong leases, redevelopment and development opportunities and an advantageous cost of capital all contributed to a solid result and allowed us to increase our dividend to our shareholders for a REIT-record 52 years in a row."

Federal Realty Investment Trust is an equity real estate investment trust (REIT). The Company specializes in in the ownership, operation and redevelopment of high-quality retail based properties located primarily in major coastal markets from Washington, D.C. to Boston as well as San Francisco and Los Angeles.