Colony Financial (CLNY) Raises Qtr. Dividend by 3% to 34c/Share; 8.8% Yield

Colony Financial (NYSE: CLNY) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. The dividend is up 3 percent from a previous dividend of $0.33 per share.

The dividend will be payable on January 17, 2012, to stockholders of record on December 30, 2011, with an ex-dividend date of December 28, 2011.

The annual yield on the dividend is 8.8 percent.

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