Camden Property Trust hikes dividend by 13.3%

On Feb. 3, 2022, Camden Property Trust (CPT) announced a 13.3% dividend increase to $0.94 quarterly per share. The next CPT dividend is payable on April 18, 2022 to shareholders of record as of March 31, 2022. The new annualized dividend rate of $3.76 per share yields 2,9% at a stock price of $128.

Camden Property Trust is a real estate company engaged in the ownership, management, development, redevelopment, acquisition, and construction of multifamily apartment communities. Camden's properties consist of mid-rise buildings or two and three story buildings in a landscaped setting and provide residents with a range of amenities common to multifamily rental properties. Camden owns interests in and operates 164 properties containing 56,107 apartment homes across the United States. Upon completion of 8 properties currently under development, the Company’s portfolio will increase to 58,315 apartment homes in 172 properties.