Alexandria Real Estate Equities hikes dividend by 2.5% to $1.24 quarterly in 2023

On June 5, 2023, real estate investment trust Alexandria Real Estate Equities (ARE) announed a 2.5% dividend hike to $1.24 quarterly per share. The dividend is payable on July 14, 2023, to shareholders of record on June 30, 2023. The common stock dividend for the 12 months ending June 30, 2023, of $4.84 per common share represents an increase of 24 cents, or 5 percent, over the 12 months ended June 30, 2022.

At a stock price of $115.43 the dividend yield for Alexandria Real Estate Equities is 4.3%. The company has now hiked its dividend for 14 consecutive years with a 5 year CAGR of 5.0%.

Alexandria Real Estate Equities, Inc. is an urban office real estate investment trust (REIT) focused on collaborative life science and technology campuses in AAA innovation cluster locations. Its locations include Greater Boston, San Francisco, New York City, San Diego, Seattle, Maryland and Research Triangle. Alexandria Real Estate Equities was founded in 1994 and has paid a dividend every year since 1997.