Store Capital Corp. said it has raised its quarterly cash dividend by 6.9% to 38.5 cents a share.
The real-estate investment trust on Monday said the dividend will be paid on Oct. 15 to shareholders of record as of the close of business on Sept. 30.
“This dividend increase demonstrates our confidence in our growth strategy and the strength of our cash flows,” said Mary Fedewa, the company’s president and chief executive.