Kite Realty Group Trust (KRG) will raise its quarterly dividend by another 5.9 percent to 18 cents per share in 2021. This distribution will be paid on or about July 16, 2021, to shareholders of record as of July 9, 2021. Year-to-date the dividend has been raised by a total of 20 percent. Last year the dividend was cut by KRG. The new dividend yield is 3.5% at a stock price of $20.56.
Kite Realty Group Trust is a full-service, vertically integrated real estate investment trust (REIT) engaged primarily in the ownership and operation, acquisition, development and redevelopment of high-quality neighborhood and community shopping centers in select markets in the United States. Kite Realty has paid a dividend to shareholders every year since at least 2004.