Gyrodyne LLC, a St. James-based real estate investment trust, declared a $9.25-per-share special dividend worth $13.7 million from proceeds of the sale of properties in Virginia and Port Jefferson.

Following the Thursday afternoon announcement, shares of the company rose 6 percent to close at $29.70.

Earlier this month, Gyrodyne announced the completion of the sale of its Fairfax Medical Center in Fairfax, Virginia, for $14 million to Virginia-based JAG Associates LLC.

The company also announced the sale of two buildings in the Port Jefferson Professional Park for $760,000 and $850,000.

“Gyrodyne intends to continue making special dividends as it executes on its strategic plan,” Fred Braun III, president and CEO of Gyrodyne, said in a statement. “We look forward to implementing and executing additional events that will provide liquidity and value to our shareholders.”

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The company said it expects the special dividend to be sent to shareholders on June 15.

In December 2013, the company, then named Gyrodyne Company of America Inc., paid a special dividend of $98.7 million, or $66.56 per share, consisting of $45.86 per share in cash and interest in a successor company, Gyrodyne LLC.

Earlier that year, the company received about $98 million in damages from New York State in a 2006 lawsuit over 245.4 acres of Gyrodyne land that was condemned under eminent domain and annexed to Stony Brook University. The company argued the land — now the site of Stony Brook’s Center of Excellence in Wireless and Information Technology — was worth more than the $26.3 million the state paid.