STOCK TITAN

BRT Apartments Corp. Announces Quarterly Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

BRT Apartments Corp. (NYSE:BRT) has declared a quarterly dividend of $0.23 per share, payable on January 5, 2022, to shareholders on record as of December 20, 2021. This dividend will be included in 2021 taxable income and is expected to be treated as a capital gain for federal income tax purposes. BRT Apartments is a real estate investment trust that owns and operates multifamily properties, either directly or through joint ventures.

Positive
  • Quarterly dividend of $0.23 per share announced.
  • Dividend payment date is January 5, 2022, providing income to shareholders.
  • Expected treatment of the dividend as capital gain is favorable for tax purposes.
Negative
  • None.

GREAT NECK, N.Y., Dec. 08, 2021 (GLOBE NEWSWIRE) -- BRT Apartments Corp. (NYSE:BRT) announced that its Board of Directors declared a quarterly dividend on the Company’s common stock of $0.23 per share.  The dividend is payable January 5, 2022 to stockholders of record on December 20, 2021.   For Federal income tax purposes, this dividend will be included in 2021 taxable income and it is anticipated that it will be treated as capital gain.

About BRT Apartments Corp:

BRT is a real estate investment trust that directly, or through joint ventures, owns and operates multi-family properties.  Additional financial and descriptive information on BRT, its operations and its portfolio, is available at BRT’s website at: http://brtapartments.com. Interested parties are encouraged to review its Form 10-K for the year ended December 31, 2020 and the other reports it filed with the Securities and Exchange Commission for additional information.

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?

BRT Apartments Corp. has declared a dividend of $0.23 per share.

When will the dividend be paid?

The dividend is payable on January 5, 2022.

What is the record date for the BRT dividend?

The record date for the dividend is December 20, 2021.

How will the BRT dividend be taxed?

The dividend will be included in 2021 taxable income and is anticipated to be treated as capital gain.

BRT Apartments Corp

NYSE:BRT

BRT Rankings

BRT Latest News

BRT Stock Data

340.95M
14.64M
19.04%
48.22%
0.56%
REIT - Residential
Real Estate Investment Trusts
Link
United States of America
GREAT NECK