Midwest retail shopping center operator Inland Real Estate announced today that it set its monthly disbursement for July on its 8.125% Series A cumulative redeemable preferred stock at $0.169271 per share.
The board of directors said the dividend is payable on July 15 to the holders of record at the close of business on July 1. The Series A preferred stock trades on the NYSE under the symbol IRC.PRA.
Inland Real Estate also pays a regular monthly dividend on its common shares of $0.0475 that equates to a $0.57-per-share annual dividend, yielding 5.7% based on the closing price of its stock on June 13.
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