Inland Real Estate Sets August Disbursement
Jul 18th 2013 9:53PM
Updated Jul 18th 2013 9:54PM
Retail center REIT Inland Real Estate announced yesterday that it set its monthly disbursement for August at $0.0475 per share, the same monthly rate it's paid for the last four years.
The board of directors said the quarterly dividend is payable on Aug. 19 to the holders of record at the close of business on July 31. The REIT had reduced its dividend payment nearly in half from $0.0817 during the recession as a means of preserving cash.
The regular dividend payment equates to a $0.57-per-share annual dividend, yielding 5.4% based on the closing price of Inland Real Estate's stock on July 17.
The article Inland Real Estate Sets August Disbursement originally appeared on Fool.com.Fool contributor Rich Duprey has no position in any stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. 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.