April 11, 2018
Newport Beach, CA-based KBS Growth & Income Real Estate Investment Trust’s Board of Directors approved a dividend increase. The new daily distribution rate of $0.00144493 per share is payable to stockholders commencing May 1, 2018 through May 31, 2018. This amount would equal a 6% annualized rate based on the December 8, 2017 estimated value per share of $8.79, if paid each day for a 365-day period. The company is currently paying a 5.5% annualized dividend.
“The strong performance of KBS Growth & Income REIT has enabled us to reward shareholders with an increase to our regular dividend,” said KBS CEO Chuck Schreiber.
KBS Direct’s Lew Feldman says, “In addition to KBS Growth & Income REIT, KBS is developing new offerings for investors, which will be available on KBSDirect.com, KBS’ online investment platform. KBS is excited to show its growing pool of investors the success of its strategies to enhance the value of its managed assets.”
For comments, questions or concerns, please contact Dennis Kaiser