BRT Apartments Corp. Raises Quarterly Dividend 8.7%

(Neutral)

Rhea-AI Summary

BRT Apartments Corp. (NYSE:BRT) has announced a quarterly dividend of $0.25 per share, reflecting an increase of 8.7% or $0.02 over the prior dividend. This dividend is payable on July 8, 2022 to stockholders on record as of June 30, 2022. BRT is a real estate investment trust focusing on multi-family properties.

Positive

Quarterly dividend increased by 8.7% to $0.25 per share.
Demonstrates company confidence and commitment to returning income to shareholders.

Negative

None.

News Market Reaction – BRT

-1.27%

-1.27% Session move

In the trading session that priced this news, BRT declined 1.27%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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06/08/2022 - 11:11 AM

GREAT NECK, N.Y., June 08, 2022 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share on the Company’s common stock, representing an increase of $0.02 per share, or 8.7%, over the prior dividend. The dividend is payable July 8, 2022 to stockholders of record on June 30, 2022.

About BRT Apartments Corp:

BRT is a real estate investment trust that owns, operates and, to a lesser extent, develops multi-family properties. Additional information on BRT, its operations and portfolio, is available at BRT’s website at: http://brtapartments.com. For additional information, interested parties are encouraged to review BRT’s Form 10-K for the year ended December 31, 2021 and the other reports it filed thereafter with the Securities and Exchange Commission.

Contact: Investor Relations

BRT APARTMENTS CORP.
60 Cutter Mill Road
Suite 303
Great Neck, New York 11021
Telephone (516) 466-3100
Telecopier (516) 466-3132
http://brtapartments.com

FAQ

What is the dividend amount declared by BRT Apartments Corp. for July 2022?

BRT Apartments Corp. declared a dividend of $0.25 per share.

When is the dividend payable to shareholders of BRT Apartments Corp.?

The dividend is payable on July 8, 2022.

What was the percentage increase of the dividend announced by BRT Apartments Corp.?

The dividend was increased by 8.7%.

Who is eligible to receive the dividend from BRT Apartments Corp.?

Shareholders on record as of June 30, 2022, are eligible to receive the dividend.