Essential Properties Realty Trust, Inc. (EPRT) today announced that it will raise its quarterly dividend by 1.8% to $0.28 quarterly per share. The new dividend yield for EPRT is 4.6% at a stock price of $24.50.

On an annualized basis, this dividend of $1.12 per share of common stock represents an increase of $0.02 per share over the previous annualized dividend. The dividend is payable on July 14, 2023, to stockholders of record as of the close of business on June 30, 2023.

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.