Boston Properties Inc. BXP, +1.46% said Monday that it raised its quarterly dividend by 15% to 75 cents a share from 65 cents a share. The new dividend will be payable on Jan. 30 to shareholders of record on Dec. 30. Based on Friday's stock closing price of $124.34, the real estate investment trust's new annual dividend rate implies a dividend yield of 2.41%, compared with SPDR Real Estate Select Sector ETF's XLRE, +0.89% yield of 4.26% and the aggregate dividend yield of the S&P 500 SPX, +0.20% of 2.08%, according to FactSet. Boston Properties' stock, which was still inactive in premarket trade, has slipped 2.5% year to date, while the SPDR Real Estate ETF has lost 2.4% and the S&P 500 has gained 10.5%.
Boston Properties boosts dividend 15%
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