Terreno Realty Declares Regular Cash Dividend Of $0.18 A Share

Terreno Realty Corporation TRNO revealed that its board has declared a regular cash dividend of $0.18 per share for the June quarter. According to the company, the dividend would be payable on July 21 to common stockholders. The company has fixed the record date as July 7. Terreno Realty also disclosed that its Board declared a dividend of $0.484375 per preferred share on Terreno Realty Corporation's 7.75% Series A Cumulative Redeemable preferred stock. The company added that the preferred dividend would be payable on June 30 to preferred stockholders. The record date for determining the shareholders would be June 10, 2016. The company indicated that it filed its quarterly report on Form 10-Q for the quarter ended March 31, 2016 with the U.S. Securities and Exchange Commission. The latest dividend provided a yield of 3.10%, which was better than the five-year average dividend yield of 2.80%. The payout ratio worked out to 262% and the company boosted its dividend rate in the last four straight years. As a result, its three year average dividend growth was 12.35%. The stock traded 0.6% higher on Wednesday.