Brixmor Property Group (BRX) will raise its quarterly dividend by 1.8 percent to $0.285 per share in 2020. This matches last years announced 1.8 dividend increase and marks the 5th consecutive year of annual dividend increases by the REIT.

The next dividend is payable on January 15, 2020 to stockholders of record on January 6, 2020, representing an ex-dividend date of January 3, 2020. A new annual rate of $1.14 per share yields 5.2% at a stock price of $22.05.

Brixmor Property Group is a real estate investment trust (REIT) that owns and operates a  national portfolio of open-air shopping centers. The company's portfolio consists predominantly of community and neighborhood shopping centers. Brixmor’s national, regional and local tenants include TJX Companies (TJX), Kroger (KR), Publix Super Markets, Wal-Mart, Ross Stores, Dollar Tree Stores and L.A. Fitness.