Campus Crest Communities said its board of directors has declared a second-quarter dividend of 16 cents per common share.
The dividend is payable July 13 to shareholders of record as of June 29.
Campus Crest is a developer, builder, owner and manager of student housing. It is also a self-administered real estate investment trust that operates all of its properties under The Grove brand.
Campus Crest owns interests in 27 student housing properties containing about 5,048 apartment units and 13,580 beds.