ROCHESTER, N.Y. – Broadstone Real Estate today announced an increase to the regular quarterly cash dividend of Broadstone Net Lease, a private real estate investment trust (REIT) managed by the firm. The REIT’s independent Board of Directors voted to increase the quarterly dividend from $1.05 per share to $1.12, which represents a 6.6 percent increase*.
Broadstone Net Lease’s current dividend is $4.48 per share on an annualized basis, representing a 6.8 percent dividend yield based on the current share price. Board members also voted to increase the determined share value from $65 to $66 per share for new investments received between Feb. 1 and April 30, 2014. The original price at inception on December 31, 2007 was $50 per share.