LAFAYETTE, CA-Bedford Property Investors is handing out a third quarter dividend of 45 cents a common share on Oct. 16. It will be paid to those holding shares as of Sept. 29.

Bedford is a self-administered equity real estate investment trust specializing in suburban office buildings and industrial properties in the western United States. The company owns and operates approximately 97 properties with a combined total of 7.5 million rentable sf.

The dividend represents a 7% increase over Q2. Earnings for the first six months of the year rose 13% to $49.3 million. Net income before an extraordinary item increased 26% to $30.7 million. The company’s share price closed Wednesday at $21.25, a 52-week high. The price remained unchanged in morning trading on Thursday.

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