Essential Properties Realty Trust, Inc. (EPRT) will raise its quarterly dividend by 4.2 percent to 25 cents per share quarterly in 2021. This marks the third consecutive year of dividend increases.

The next dividend is payable on July 15, 2021 to stockholders of record as of the close of business on June 30, 2021. A new annual rate of $1.00 per share yields 3.6%.

Essential Properties Realty Trust has now raised its annual dividend for 3 consecutive years. If we include this new dividend hike just announced the company will pay an estimated annual dividend of $117 million to its shareholders.

Essential Properties Realty Trust, Inc. is an internally managed real estate company that acquires, owns and manages primarily single-tenant properties that are net leased on a long-term basis to companies operating service-oriented or experience-based businesses. Essential Properties Realty Trust became a public company in 2018 and paid its first quarterly dividend later that year.