WSR Rewards Investors With 5.6% Dividend Hike: Is it Sustainable?

Key Takeaways WSR raised its quarterly dividend to 14.25 cents per share, marking a 5.6% increase from the prior payout.At the new rate, WSR's annualized dividend totals 57 cents per share, translating to a 4.19% yield.WSR also authorized a share repurchase program of up to $50 million to enhance shareholder value.Whitestone REIT (WSR) recently announced that its board of trustees has declared a quarterly cash dividend of 14.25 cents per share on its common shares and operating partnership units. This repre ...