CUPERTINO, CA-Mission West Properties Inc. says it will pay on Oct. 10 a dividend of 17 cents a common share to stockholders of record as of Sept. 29. The dividend represents a 13% increase over the same period a year ago.

Mission West Properties acquires, markets, leases and manages research and development properties, primarily located in the Silicon Valley portion of the San Francisco Bay Area. Currently, the company manages 87 properties totaling approximately 6 million sf.

For the six months ended June 30, revenue rose 41% from the same year-earlier period to $52.4 million, and profits totaled $5.6 million, up from $1.9 million in the year-earlier period. At close of trading Monday, Mission West shares were trading for $12.56, off three cents from Friday’s close and one dollar below its 52-week high.

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