SL Green Realty Corp. raised its quarterly dividend by 4.1% to 88.5 cents per share on its common stock and operating partnership units.

The office real estate investment trust will pay the dividend Jan. 15, 2020, to shareholders of record as of Jan. 2, 2020.

The company also received board approval to increase its common stock repurchase program by $500 million to $3.0 billion.

The REIT said it has repurchased 22,855,030 shares to date.