Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company’s common and preferred shares. A regular common share dividend for the first quarter of $0.625 per share will be paid on April 8, 2022 to shareholders of record on March 28, 2022. The annualized dividend of $2.50 per share is a 3.7% increase over the Company’s 2021 common share dividend.

“Our focus at Equity Residential remains producing strong and growing cash flows. The rapid recovery of our business supports an increased dividend that rewards our shareholders for their continuing support,” said Mark J. Parrell, Equity Residential’s President and CEO.

A quarterly dividend of $1.03625 per share will be paid on March 31, 2022 to shareholders of record on March 18, 2022 of the Company’s Series K Preferred Shares.

Equity Residential is a real estate company focused on the acquisition, development and management of rental apartment properties located in urban and high-density suburban markets in U.S. cities. Equity Residential owns or has investments in properties consisting of apartment units, primarily located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver. The company’s corporate headquarters is located in Chicago, Illinois and the company also operates regional property management offices in each of its markets. A dividend has been paid every year since 2003 by the real estate investment trust.