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News Breaks | | | | February 20, 2013 | | 18:08 EDT |  | ESS | Essex Property Trust raises dividend 10%
Essex Property Trust announced its board has approved a 44c per share annualized increase to its regular cash dividend. The Q1 dividend distribution, payable on April 15 to shareholders of record as of March 28 will be $1.21 per share. The declared dividend represents a 10% increase over the company's prior quarterly dividend of $1.10 per share. On an annualized basis, the dividend represents a distribution of $4.84 per common share. | |
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