Regency Centers hikes dividend by 5.2%

Regency Centers Corp (REG) will raise its quarterly dividend by 5.2 percent to $0.705 per share in the first quarter of 2025. This marks the 11th consecutive year of dividend increases by the grocery anchored neighborhood and community shopping centers REIT.

The next REG dividend is payable on January 3, 2025, to shareholders of record as of December 16, 2024. The new $2.82 annual dividend rate yields 3.8% at a stock price of $74.24. For Regency Centers this is the biggest dividend hike in the last five years.

REG stock trades near a multi year high
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In 2023 Regency Centers hiked the dividend by 3.1% to $0.67 quarterly per share. The company is known for its small annual dividend hikes with a 5 year dividend CAGR of 3.8%. Despite this the stock trades near a multi year high with a market cap of $13.5 billion.

Another REIT with a strong track record announcing a dividend hike this August is Eastgroup Properties (EGP) with now 29 consecutive years of increases.

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.