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Daily NAV REIT Increases Dividend by 2.9%

Dividend Capital’s sponsored public reporting daily NAV REIT, Dividend Capital Diversified Property Fund (DPF), has increased its dividend for each share class. The board of directors approved a 2.9% increase from the previous quarter’s $0.0875 per share to the present $0.09 per share. The amount is subject to adjustment based on class-specific expenses.

The dividend will be payable to stockholders of record as of the close of each business day between January 1, 2015 and March 31, 2015 and will be pro-rated for the period of ownership. Accruing daily, the dividend will be payable no later than April 30, 2015.

“We are pleased with today’s announcement. The consistent performance of our portfolio, coupled with our strong balance sheet, allowed us to increase the dividend while balancing our objective to retain earnings to promote longer-term total shareholder return,” commented Jeff Johnson, Chief Executive Officer of DPF. 

DPF’s board of directors determines the dividends on a quarterly basis, with a number of factors contributing to the determination, including funds available for the payment of dividends, DPF’s financial condition, capital expenditure requirements, and annual distribution requirements needed to maintain DPF’s status as a REIT.

The dividend amount is also partially based on DPF’s recent portfolio performance. As of September 30, 2014, DPF’s portfolio consisted of 69 properties in 24 geographical markets, with a total of approximately 12 million square feet.

To learn more about DPF, visit www.dividendcapitaldiversified.com