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Sun Communities declares higher quarterly dividend

Sun Communities Inc. declared a first-quarter dividend of 71 cents per share, up from the payout of 67 cents per share for the previous quarter.

The sum is payable April 16 to shareholders on record as of March 29.

In February, the real estate investment trust, which focuses on manufactured housing and recreational vehicle communities, announced a 6% increase in its annual distribution to $2.84 per common share, from $2.68 per share for 2017.