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Weingarten Realty boosts quarterly dividend 2.6%

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Weingarten Realty boosts quarterly dividend 2.6%

Weingarten Realty Investors increased its quarterly cash dividend by 2.6% to 39.5 cents per common share.

The shopping center real estate investment trust will pay the dividend March 15 to shareholders of record March 8.

In announcing its 2017 fourth-quarter and full-year earnings, the company disclosed that it sold five shopping centers and other real estate so far in 2018 for a total of $221 million, including Best in the West in Las Vegas and Millpond Center and Tates Creek Centre in Lexington, Ky. These dispositions also include Moore Plaza and Horne Street Market in Texas, which the company disclosed earlier.