National Retail Properties hikes dividend by 3 pct

ORLANDO, Fla. (AP) -- National Retail Properties Inc. is raising its quarterly dividend by about 3 percent to 40.5 cents from 39.5 cents.

The real estate investment trust said Monday that the dividend will be paid on Aug. 15 to shareholders of record on July 31.

National Retail Properties owned 1,636 investment properties in 47 states as of March 31.