SL Green Realty is hiking its yearly dividend by 20 percent due to a surge in the landlord’s income and the signing of several new leases.
The increase to $2.40 per share is slated to take effect next month. SL Green has been gradually hiking the dividend — from 40 cents per share in 2010 to $2 per share this year. Competing real estate investment trusts such as Paramount Group, Mort Zuckerman’s Boston Properties and Anthony Malkin’s Empire State Realty Trust offer dividends that pay out about 2 percent of the share prices. [more]