Whitestone REIT Increases Annual Cash Dividend by 3% to $0.495/Share or Quarterly $0.12375/Share
Portfolio Pulse from Benzinga Newsdesk
Whitestone REIT (WSR) has announced a 3% increase in its annual cash dividend to $0.495 per share, translating to a quarterly dividend of $0.12375 per share, starting from the second quarter of 2024.
March 05, 2024 | 12:42 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Whitestone REIT increases its annual cash dividend by 3% to $0.495 per share, or $0.12375 quarterly, effective from the second quarter of 2024.
Dividend increases are generally viewed positively by the market as they signal confidence in the company's financial health and future earnings potential. For Whitestone REIT, this 3% increase in dividends could attract income-focused investors, potentially leading to a short-term uptick in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100