Essex announces its 29th consecutive annual dividend increase

San mateo, calif.--(business wire)--essex property trust, inc. (nyse:ess) announced today that its board of directors has approved a 5.0% increase to its annual cash dividend. this represents the company's 29th consecutive annual dividend increase. the board of directors has declared a first quarter dividend of $2.31 per share, payable on april 14, 2023 to shareholders of record as of march 31, 2023. on an annualized basis, the dividend represents a distribution of $9.24 per common share.
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