Regency Centers Increases Common Stock Dividend by 5.2%

Rhea-AI Summary

Regency Centers announced a 5.2% increase in its quarterly common stock dividend to $0.705 per share, marking its 11th consecutive year of dividend increases. The common stock dividend will be paid on January 3, 2025, to shareholders of record as of December 16, 2024. The company also declared quarterly dividends for its preferred stocks: Series A at $0.390625 per share and Series B at $0.367200 per share, both payable on January 31, 2025, to shareholders of record as of January 16, 2025. The increase follows what management described as another strong quarter of exceptional operating results.

Positive

• 5.2% increase in quarterly common stock dividend
• 11 consecutive years of dividend increases
• Strong operating results reported by management

Negative

• None.

News Market Reaction – REG

+1.44%

1 alert

+1.44% News Effect

On the day this news was published, REG gained 1.44%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

JACKSONVILLE, Fla., Nov. 07, 2024 (GLOBE NEWSWIRE) -- Regency Centers Corporation (“Regency Centers”, “Regency” or the “Company”) (NASDAQ: REG) announced today that the Company’s Board of Directors (the “Board”) declared quarterly cash dividends on Regency’s common stock, Series A preferred stock, and Series B preferred stock.

• On November 5, 2024, the Board declared a quarterly cash dividend on the Company’s common stock of $0.705 per share, representing an increase of $0.035 per share, or 5.2%, from the prior quarterly dividend. The dividend is payable on January 3, 2025, to shareholders of record as of December 16, 2024.
• On November 5, 2024, the Board declared a quarterly cash dividend on the Company’s Series A preferred stock of $0.390625 per share. The dividend is payable on January 31, 2025, to shareholders of record as of January 16, 2025.
• On November 5, 2024, the Board declared a quarterly cash dividend on the Company’s Series B preferred stock of $0.367200 per share. The dividend is payable on January 31, 2025, to shareholders of record as of January 16, 2025.
  

“Following another strong quarter of exceptional operating results, we are pleased to announce a 5.2% increase to our quarterly common stock dividend, marking our 11^th consecutive year of increases,” said Lisa Palmer, President and Chief Executive Officer.

About Regency Centers Corporation (NASDAQ: REG)

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers. Operating as a fully integrated real estate company, Regency Centers is a qualified real estate investment trust (REIT) that is self-administered, self-managed, and an S&P 500 Index member. For more information, please visit RegencyCenters.com

Christy McElroy
904 598 7616
ChristyMcElroy@regencycenters.com

This press release was published by a CLEAR® Verified individual.

FAQ

What is Regency Centers' new quarterly dividend for 2025?

Regency Centers (REG) increased its quarterly dividend to $0.705 per share, payable on January 3, 2025.

How much did Regency Centers increase its dividend in 2024?

Regency Centers (REG) increased its dividend by 5.2%, or $0.035 per share, in November 2024.

When is Regency Centers' next dividend payment date?

Regency Centers' (REG) next common stock dividend payment is scheduled for January 3, 2025, to shareholders of record as of December 16, 2024.

How many consecutive years has Regency Centers increased its dividend?

Regency Centers (REG) has increased its dividend for 11 consecutive years, as of 2024.