WSR - Whitestone REIT Increases Annual Cash Dividend by 3% | Benzinga
HOUSTON, March 05, 2024 (GLOBE NEWSWIRE) -- Whitestone REIT (NYSE:WSR) ("Whitestone" or the "Company") today announced that its Board of Trustees has declared a monthly cash dividend of $0.04125 per share on the Company's common shares and operating partnership units for the second quarter of 2024. The dividend increase represents a quarterly amount of $0.12375 per share, and an annualized amount of $0.495 per share.
"We are focused on delivering consistent growth, driven by very strong leasing spreads and record occupancy, as we will share on our upcoming 4th quarter 2023 earnings call," said Dave Holeman, Whitestone's CEO. "Our second quarter dividend represents a 3% increase from the first quarter, a reflection of the board's confidence in Whitestone's earnings growth trajectory and ability to strengthen the balance sheet while simultaneously growing the dividend."
The second quarter dividend distribution for 2024 will be as detailed below:
| Month |
| Record Date |
| Payment Date |
| Distribution per Share/Unit |
| April |
| 4/2/2024 |
| 4/11/2024 |
| $0.04125 |
| May |
| 5/2/2024 |
| 5/14/2024 |
| $0.04125 |