Regency Centers hikes dividend by 1.7%

Regency Centers Corp (REG) will raise its quarterly dividend by 1.7 percent to $0.595 per share in the first quarter of 2020. This marks the 7th consecutive year of dividend increases by the REIT.

The next dividend is payable on March 5, 2020, to shareholders of record as of February 24, 2020. The new $2.38 annual dividend rate yields 3.9% at a stock price of $63.62.

Regency Centers Corporation is a real estate investment trust (REIT). The company owns, operates and develops grocery anchored neighborhood and community shopping centers. Regency's portfolio includes properties merchandised with grocers, restaurants, service providers, and retailers that connect neighborhoods, communities, and customers. The company's properties include Palm Valley Marketplace, Shops at Arizona, Amerige Heights Town Center, Clayton Valley Shopping Center, Five Points Shopping Center, French Valley Village Center, Hasley Canyon Village, Pleasant Hill Shopping Center, Snell & Branham Plaza, Applewood Shopping Center, Kent Place, Black Rock, Spring Valley Shopping Center and Pebblebrook Plaza.

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