COPT Defense Increases Quarterly Dividend by 3.5%

Core Points - COPT Defense Properties announced a quarterly dividend of $0.295 per common share for Q1 2024, marking a 3.5% increase from the previous dividend of $0.285 [1] - The annualized dividend amount for 2024 is projected to be $1.18 per share, with payment scheduled for April 17, 2024, to shareholders of record on March 29, 2024 [1] Company Overview - COPT Defense is a self-managed REIT listed in the S&P MidCap 400, focusing on properties near key U.S. Government defense installations [2] - The company's Defense/IT Portfolio consists of 190 properties, covering 21.7 million square feet, with a leasing rate of 97.2% as of December 31, 2023 [2]