Invitation Homes hikes dividend by 13.3%

Invitation Homes (INVH) will increase its quarterly dividend by 13.3 percent to 17 cents per share in 2021. This follows a 15.4 percent to $0.15 per share in the first quarter of 2020. INVH initiated a $0.06 per share quarterly dividend in 2017 and this marks the 4th consecutive year of dividend increases by the REIT.

The next dividend will be paid on or before February 26, 2021 to stockholders of record of the company's common stock as of the close of business on February 10, 2021. A new annualized dividend rate of 68 cents per share yields 2.3% at a stock price of $30.42.

Invitation Homes Inc. is a real estate investment trust. The company is an owner and operator of single-family homes for lease, offering residents high-quality homes in desirable neighborhoods across America. The Company's segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.