Whitestone REIT Raises Dividend by 9%

Dow Jones

05 Dec 2024

By Sarina Isaacs

Whitestone REIT increased its dividend by 9%.

The Houston-based real estate investment trust announced on Wednesday that it upped its monthly dividend to 4.5 cents per share, or 13.5 cents per quarter. That marks a 9% increase from the prior quarterly payout.

The annual dividend amount, 54 cents per share, makes for a yield of 3.8% based on Wednesday's closing price of $14.39.

CEO Dave Holeman said the hike keeps the payout in line with the REIT's earnings growth, maintaining a payout ratio of about 50% of core funds from operations.

Write to Sarina Isaacs at sarina.isaacs@wsj.com

(END) Dow Jones Newswires

December 04, 2024 17:18 ET (22:18 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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That marks a 9% increase from the prior quarterly payout. \n\n\n  The annual dividend amount, 54 cents per share, makes for a yield of 3.8% based on Wednesday's closing price of $14.39. \n\n\n  CEO Dave Holeman said the hike keeps the payout in line with the REIT's earnings growth, maintaining a payout ratio of about 50% of core funds from operations. \n\n\n \n\n\n  Write to Sarina Isaacs at sarina.isaacs@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 04, 2024 17:18 ET (22:18 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"code":"91000000","status":"200"}}}