Rexford Industrial Realty (REXR) Raises Quarterly Dividend 12.5% to $0.135; 3.7% Yield
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Rexford Industrial Announces 12.5% Increase in Quarterly Common Stock Dividend to $0.135 Per Share
August 4, 2015 7:00 AM EDTLOS ANGELES--(BUSINESS WIRE)-- Rexford Industrial Realty, Inc. (the Company or Rexford Industrial) (NYSE: REXR), a real estate investment trust focused on owning and operating industrial properties located in Southern California infill markets, today announced that its Board of Directors declared a cash dividend of $0.135 per share on common stock and common stock equivalents for the third quarter of 2015. This represents an increase of $0.015, or 12.5% increase from the previous quarterly dividend rate of $0.12 per share. The increased dividend reflects an annualized dividend rate of $0.54 per share, compared to the prior annualized dividend rate of $0.48 per share.
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