American Assets Trust hikes dividend by 12%

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American Assets Trust, Inc. (AAT) will raise its quarterly dividend by 12 percent to 28 cents per share in 2021. This follows a 25 percent hike to 25 cents in Q3 of 2020. Earlier in 2020 the REIT cut its quarterly dividend by a third to 20 cents per share because of the COVID-19 pandemic. This ended 7 consecutive years of annual dividend increases by the REIT.

The next dividend will be paid in cash on March 25, 2021 to stockholders of record on March 11, 2021.  A new annual rate of $1.12 per share yields 3.7% at a stock price of $29.19.

American Assets Trust, Inc. is a full service, vertically integrated and self-administered real estate investment trust, or REIT, headquartered in San Diego, California. The company acquires, improves, develops and manages premier retail, office and residential properties throughout the United States, primarily in Southern California, Northern California, Oregon, Washington, Texas and Hawaii.  In 2011, the company was formed to succeed to the real estate business of American Assets, Inc., a privately held corporation founded in 1967.


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