Easterly Government Properties (DEA) will raise its quarterly dividend by 1.9 percent to $0.265 per share in 2021. This is the first dividend hike announced by the REIT since 2017.

The increased dividend will be paid on August 24, 2021 to shareholders of record on August 12, 2021. The new dividend yield for DEA is 4.7% based on a stock price of $22.68 and a new annual dividend rate of  $1.06 per share.

Easterly Government Properties, Inc. is based in Washington, D.C., and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly’s experienced management team brings specialized insight into the strategy and needs of mission-critical U.S. Government agencies for properties leased primarily through the U.S. General Services Administration.