BRE Properties Increases Dividend by 2.7% to $0.385

BRE Properties

approved a 2.7% increase for the 2012 common dividend to $0.385 per share quarterly. The quarterly dividend payment is equivalent to $1.54 per share on an annualized basis, and represents a yield of approximately 2.95% on Friday's closing price of $52.27 per share. B RE has paid uninterrupted quarterly dividends to shareholders since the company's founding in 1970.