Essex Property Rewards Investors With Another Annual Dividend Hike

Essex Property Trust’s (ESS) board of directors has approved a 4.9% hike in the annual cash dividend for its common stock. ESS will now pay out a first-quarter cash dividend of $2.57 per share, up from$2.45 paid in the prior quarter. This marks the company’s 31st consecutive annual dividend increment.The increased amount will be paid out on April 15 to shareholders on record as of March 31, 2025. Based on the increased rate, the annual dividend comes to $10.28 a share, resulting in an annualized yield of 3 ...