Equity Residential (EQR) Hikes Dividend by 1.9%: Worth a Look?

Equity Residential EQR has announced a 1.9% hike in its annualized dividend. As a result, for the first quarter of 2024, EQR will pay out 67.50 cents per share, up from 66.25 cents paid out in the prior quarter. The new dividend will be paid out on Apr 12 to the company’s shareholders of record as of Mar 25, 2024.Based on the hiked rate, the annualized dividend comes at $2.70 per share. At this new rate, the annualized yield is 4.33%, based on the stock’s closing price of $62.37 on Mar 14, 2024.The resident ...