BXP cuts quarterly dividend to 70c from 98c per share

BXP (BXP) declared a quarterly cash dividend of 70c per share of common stock for the period July 1, to September 30, payable on October 31, 2025 to shareholders of record as of the close of business on September 30. “The dividend reset allows BXP to retain approximately $50.0 million in incremental cash each quarter, which BXP intends to strategically reinvest in our development projects, including 343 Madison Avenue in New York, New York, as well as strengthen future earnings power and support longer-term growth. This reset of $0.28 per share from the previous quarterly dividend amount of $0.98 per share is expected to more closely align BXP’s dividend with its taxable income,” the company said in a statement.