Kilroy Realty Corporation (KRC) will raise its quarterly dividend by 3.1 percent to 50 cents per share in 2020. This follows a 6.6 percent hike to $0.485 per share in the second quarter of 2019 by the West Coast landlord.

The next dividend payable on October 14, 2020 to stockholders of record on September 30, 2020.  The new dividend is equivalent to an annual rate of $2.00 per share and yields 3.4% at a stock price of $58.

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.