The Canadian real estate trust increased its monthly payout to CAD 0.0699 per share from CAD 0.0685.
Automotive Properties Real Estate Investment Trust raised its monthly dividend by 2% to CAD 0.0699 per share. The increase follows a prior payout of CAD 0.0685 per share.
The new dividend is payable September 15 to shareholders of record as of August 31, with the ex-dividend date also set for August 31. The adjustment reflects the trust’s ongoing dividend growth strategy.
No immediate market reaction was reported following the announcement.