Alexandria Real Estate Equities, Inc. (ARE) said Tuesday that its Board of Directors has declared a quarterly cash dividend of $0.51 per common share for the second quarter of 2012.
This reflects a dividend increase of about 4%. The dividend is payable on July 16 to shareholders of record on June 29.
"The dividend increase will allow the company to share its increase in cash flows from operations with its common shareholders while also continuing to retain cash flows from operations for reinvestment. Over the past 12 months, we have increased our cash dividend per common share by 6 cents, or approximately 13 percent," said Joel Marcus, Chief Executive Officer of Alexandria.
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