Getty Realty Corporation (GTY) will raise its quarterly dividend by 5.7 percent to $0.37 per share in 2019. The convenience store and gasoline station properties REIT has now hiked its dividend 7 consecutive years.

The next dividend is payable on January 9, 2020, to holders of record on December 26, 2019. A new annual rate of $1.48 per share yields 4.5% at a stock price of $32.64.

Getty Realty Corp. is real estate investment trust in the United States specializing in the ownership, leasing and financing of convenience store and gasoline station properties. The Company owns the Getty name in connection with its real estate and the petroleum marketing business in the United States. The company's properties are concentrated in the Northeast and Mid-Atlantic regions.