One Liberty Properties Announces Dividend and Expands Share Repurchase Authorization
One Liberty Properties, Inc. (NYSE: OLP) declared a quarterly dividend of $0.45 per share, payable on October 7, 2022, to stockholders of record by September 27, 2022.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
One Liberty Properties, Inc. (NYSE: OLP) declared a quarterly dividend of $0.45 per share, payable on October 7, 2022, to stockholders of record by September 27, 2022. This marks the company’s 119th consecutive quarterly dividend.
Additionally, the Board approved an increase of approximately $5.2 million to its existing share repurchase authorization, raising the total to $7.5 million. These moves signal strong financial management and commitment to returning value to shareholders.
Positive
- Quarterly dividend of $0.45 per share represents consistent financial performance.
- 119th consecutive quarterly dividend reflects ongoing commitment to shareholders.
- Increased share repurchase authorization to $7.5 million indicates confidence in stock value.
Negative
- None.
Details
News Market Reaction – OLP
The recorded move for OLP in the trading session of this news was +1.24%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
GREAT NECK, N.Y., Sept. 15, 2022 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of
OLP also announced that the Board approved an approximate
About One Liberty Properties, Inc:
One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The Company acquires, owns and manages a geographically diversified portfolio consisting primarily of industrial properties. Many of these properties are subject to long-term net leases under which the tenant is typically responsible for real estate taxes, insurance and ordinary maintenance and repairs. Additional financial and descriptive information on One Liberty, its operations and its portfolio, is available at its website at: http://1liberty.com. For additional information, interested parties are encouraged to review One Liberty’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:
One Liberty Properties
Investor Relations
Phone: (516) 466-3100
www.onelibertyproperties.com
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