Alexandria Real Estate (ARE) Declares $0.77 Quarterly Dividend; 3.4% Yield

Alexandria Real Estate (NYSE: ARE) declared a quarterly dividend of $0.77 per share, or $3.08 annualized.

The dividend will be payable on January 15, 2016, to stockholders of record on December 31, 2015, with an ex-dividend date of December 29, 2015.

The annual yield on the dividend is 3.4 percent.

"We are pleased to announce a quarterly cash dividend to common shareholders of 77 cents per common share for the fourth quarter of 2015. The dividend allows the Company to share its continued high-quality, strong, and increasing cash flows from operations with its common shareholders while also continuing to retain cash flows from operating activities for reinvestment into our significantly leased value-creation pipeline. Additionally, our funds from operations payout ratio (quarterly common stock dividend divided by quarterly funds from operations) remains favorably low at 58 percent as of September 30, 2015. Growth in cash provided by operating activities after dividends will 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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