Lexington Realty Trust is acting like a relaxed landlord that doesn't want or need to modify the rent. The company is maintaining its dividend policy by declaring a $0.15-per-share distribution for its current quarter, to be paid on or about July 15 to shareholders of record as of June 28. That amount matches the firm's previous three distributions, the most recent of which was paid in April. Prior to that, the real estate investment trust dispensed $0.125 per share.
The just-declared dividend annualizes to $0.60 per share. That yields just more than 5% at Lexington Realty Trust's current stock price of $11.99.
The article Lexington Realty Trust Keeps Dividend Steady originally appeared on Fool.com.Fool contributor Eric Volkman has no position in Lexington Realty Trust, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.