Equity Residential hikes dividend by 2.6%

Equity Residential (EQR) will hike its quarterly dividend by 2.6% 69.25 cents per share in 2025. This marks the 4th consecutive year of increases by EQR. The dividend yield is 3.9%.

Equity Residential (NYSE: EQR) today announced that its Board of Trustees declared quarterly dividends on the Company’s common and preferred shares. A regular common share dividend for the first quarter of $0.6925 per share will be paid on April 17, 2025 to shareholders of record on March 31, 2025. The annualized dividend of $2.77 per share is a 2.6% increase over the Company’s 2024 common share dividend.

"Our commitment to delivering long-term value to our shareholders remains unwavering. This dividend increase reflects our strong financial performance, disciplined capital allocation, and confidence in our future growth. We appreciate the trust our investors place in us and remain focused on generating consistent superior returns,” said Mark J. Parrell, Equity Residential’s President and CEO.

A quarterly dividend of $1.03625 per share will be paid on March 31, 2025 to shareholders of record on March 21, 2025 of the Company’s Series K Preferred Shares. The dividend yield for EQR is 3.95% at a stock price of $70.17.

Equity Residential is a real estate company focused on the acquisition, development and management of rental apartment properties located in urban and high-density suburban markets in U.S. cities. Equity Residential owns or has investments in properties consisting of apartment units, primarily located in Boston, New York, Washington, D.C., Seattle, San Francisco, Southern California and Denver. The company’s corporate headquarters is located in Chicago, Illinois and the company also operates regional property management offices in each of its markets. A dividend has been paid every year since 2003 by the real estate investment trust.