dividend
confidence high
sentiment positive
materiality 0.65
Whitestone REIT authorizes $50M buyback, raises quarterly dividend 5.6% to $0.1425, shifts to quarterly payments
Whitestone REIT
- Board authorized $50M share repurchase program through May 20, 2028; open market or private purchases.
- Quarterly dividend of $0.1425 per share, a 5.6% increase over previous quarterly amount.
- Company moving from monthly to quarterly dividend schedule; first quarterly dividend payable March 30, 2026.
- Record date for Q1 2026 dividend is March 16, 2026; per-share amount $0.1425 for common and OP units.
- CEO cites 5-7% long-term Core FFO growth target and improved leverage as rationale for dividend hike.