Brixmor Property Group (BRX) will suspend its quarterly dividend in 2020 because of COVID-19. Last year the company raised its quarterly dividend by 1.8 percent to $0.285 per share, marking the 5th consecutive year of dividend increases.

In its press release dated May 7, 2020 the company reports first quarter 2020 results and provides a COVID-19 update, including the temporarily suspension of the company's quarterly cash dividend. The company's Board of Directors will reevaluate the dividend on a quarterly basis, taking into account a variety of relevant factors including REIT taxable income.

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.