The board of directors of Boston Properties has declared a regular quarterly cash dividend of 55 cents per share of common stock for the fourth quarter.

The dividend – which represents a 10 percent bump over last year’s fourth quarter payout – is payable Jan. 27 to shareholders of record as of the close of business on Dec. 31.

The company, one of the largest owners and developers of Class A office properties in the country, has properties in five principal markets – Boston; Midtown Manhattan; Washington, D.C.; San Francisco; and Princeton, N.J.