Terreno Realty (TRNO) said Monday that its board of directors approved a 7.7% increase on its regular cash dividend to $0.14 per common share, payable on July 21, 2014 to common stockholders of record at the close of business on July 7, 2014.
The previous quarter’s dividend was $0.13 per common share, paid to stockholders on April 21, 2014.
The company, which owns and operates industrial real estate in six major coastal U.S. markets, also said its board declared a dividend of $0.484375 per preferred share on TRNO’s 7.75% Series A Cumulative Redeemable preferred stock. The preferred dividend will be payable June 30, 2014 to preferred stockholders of record at the close of business on June 11, 2014.
This is maintained from the previous dividend per preferred share, paid to stockholders on March 31, 2014.
Shares are up 2.42% at $19.04 with a 52-week range of $16.54 – $20.27.
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