Essex Announces Quarterly Dividend Increase From $2.31 To $2.45
Portfolio Pulse from Happy Mohamed
Essex Property Trust, Inc. (NYSE:ESS) has announced a 6.1% increase in its annual cash dividend, marking the 30th consecutive year of dividend growth. The new quarterly dividend is set at $2.45 per share, with payments starting April 12, 2024, for shareholders on record as of March 29, 2024. Additionally, the company's Annual Shareholders' Meeting is scheduled virtually for May 14, 2024.

February 22, 2024 | 10:00 pm
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POSITIVE IMPACT
Essex Property Trust, Inc. (ESS) increases its quarterly dividend to $2.45 per share, marking a 6.1% increase and its 30th consecutive year of dividend growth.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future prospects. Essex Property Trust's announcement of a 6.1% increase in its dividend, marking 30 years of consecutive growth, is likely to be seen as a strong indicator of stability and growth, potentially leading to a positive short-term impact on its stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100