Alexandria Real Estate (ARE) Raises Quarterly Dividend 3.7% to $0.83; 3% Yield

Alexandria Real Estate (NYSE: ARE) declared a quarterly dividend of $0.83 per share, or $3.32 annualized. This is a 3.7% increase from the prior dividend of $0.80.

The dividend will be payable on January 17, 2017, to stockholders of record on December 30, 2016, with an ex-dividend date of December 28, 2016.

The annual yield on the dividend is 3 percent.

"We are very pleased to announce the quarterly cash dividend to common shareholders of 83 cents per common share for the fourth quarter of 2016. The dividend allows the Company to share our continued high-quality, strong and increasing cash flows from operations with our common shareholders while continuing to retain significant cash flows from operating activities for reinvestment into our significantly leased pipeline of development and redevelopment of new Class A properties. Additionally, our funds from operations payout ratio (quarterly common stock dividend divided by quarterly funds from operations) remains favorably low at 57 percent as of September 30, 2016. Growth in net cash flows provided by operating activities after dividends continue to generate additional opportunities to grow our quarterly cash dividend per common share while maintaining a low funds from operations payout ratio," said Joel S. Marcus, chairman, chief executive officer and founder of Alexandria Real Estate Equities, Inc.

For a dividend history and other dividend-related data on Alexandria Real Estate (ARE) click here.

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