Real estate investment trust Douglas Emmett announced today its third-quarter dividend of $0.18 per share, the same rate it's paid for the past three quarters after raising the payout 20% from $0.15 per share.

The board of directors said the quarterly dividend is payable on Oct. 15 to the holders of record at the close of business on Sept. 30. The regular dividend payment equates to a $0.72-per-share annual dividend, yielding 3.1% based on the closing price today of Douglas Emmett's stock.

DEI Dividend Chart

DEI Dividend data by YCharts

The article Douglas Emmett Keeps Dividend Steady originally appeared on

Fool contributor Rich Duprey and The Motley Fool have no position in any of the stocks mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools don't 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.

Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Increase your money and finance knowledge from home

Asset Allocation

Learn the most important step in structuring an investment portfolio.

View Course »

Understanding Stock Market Indexes

What does it mean when people say "the market is up 2%"?

View Course »

Add a Comment

*0 / 3000 Character Maximum