Whitestone REIT Raises Dividend by 9%

Dow Jones

Dec 05, 2024

By Sarina Isaacs

Whitestone REIT increased its dividend by 9%.

The Houston-based real estate investment trust announced on Wednesday that it upped its monthly dividend to 4.5 cents per share, or 13.5 cents per quarter. That marks a 9% increase from the prior quarterly payout.

The annual dividend amount, 54 cents per share, makes for a yield of 3.8% based on Wednesday's closing price of $14.39.

CEO Dave Holeman said the hike keeps the payout in line with the REIT's earnings growth, maintaining a payout ratio of about 50% of core funds from operations.

Write to Sarina Isaacs at sarina.isaacs@wsj.com

(END) Dow Jones Newswires

December 04, 2024 17:18 ET (22:18 GMT)

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That marks a 9% increase from the prior quarterly payout. \n</p>\n<p>\n  The annual dividend amount, 54 cents per share, makes for a yield of 3.8% based on Wednesday's closing price of $14.39. \n</p>\n<p>\n  CEO Dave Holeman said the hike keeps the payout in line with the REIT's earnings growth, maintaining a payout ratio of about 50% of core funds from operations. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Sarina Isaacs at sarina.isaacs@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 04, 2024 17:18 ET (22:18 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CFA.SI","symbol_name":"NikkoAM-STC Asia REIT","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2489712503","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2489712503","pubTimestamp":1733350680,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"The Houston-based real estate investment trust announced on Wednesday that it upped its monthly dividend to 4.5 cents per share, or 13.5 cents per quarter. 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That marks a 9% increase from the prior quarterly payout. \n\n\n  The annual dividend amount, 54 cents per share, makes for a yield of 3.8% based on Wednesday's closing price of $14.39. \n\n\n  CEO Dave Holeman said the hike keeps the payout in line with the REIT's earnings growth, maintaining a payout ratio of about 50% of core funds from operations. \n\n\n \n\n\n  Write to Sarina Isaacs at sarina.isaacs@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 04, 2024 17:18 ET (22:18 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}