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One Liberty Properties Announces 125th Consecutive Quarterly Dividend

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Rhea-AI Summary
One Liberty Properties, Inc. (OLP) has declared a quarterly dividend of $0.45 per share, marking its 125th consecutive quarterly dividend and over 30 years of dividend growth or stability.
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Insights

The declaration of a consistent quarterly dividend by One Liberty Properties, Inc. demonstrates the company's ongoing commitment to returning value to shareholders. A dividend streak extending over 30 years signals a strong track record of financial stability and reliability, which can be particularly appealing to income-focused investors. The consistency in dividend payments suggests that the company has a stable cash flow, which is a positive indicator of its financial health.

Moreover, the longevity of the dividend history could imply a defensive business model capable of weathering economic cycles. This might attract a specific investor demographic that prioritizes lower volatility and steady income over the potential for high growth. It's important to consider the dividend yield in relation to the current share price to evaluate the attractiveness of the investment. Additionally, the payout ratio, or the percentage of earnings paid to shareholders in the form of dividends, should be assessed to ensure the dividends are sustainable without compromising the company's growth prospects or balance sheet strength.

One Liberty Properties' announcement can be seen as a positive signal to the market, potentially influencing investor sentiment. The ability to maintain or increase dividends over such an extended period could reflect favorably on the company's market position and operational efficiency. It is essential to analyze the company's sector performance and compare it with peers to determine if One Liberty is outperforming the market or simply keeping pace with industry standards.

Furthermore, the real estate sector's dynamics, including interest rate trends, property values and occupancy rates, should be scrutinized to forecast the potential impact on the company's future dividend-paying capacity. The announcement could also affect the stock's liquidity, as dividend announcements often lead to increased trading activity around the ex-dividend date, which is the cutoff date to be eligible for the declared dividend payment.

The announcement by One Liberty Properties should be contextualized within the broader economic environment. In periods of economic uncertainty or low-interest rates, stable dividends become more attractive as they may offer better returns than other fixed-income investments. However, it's crucial to monitor macroeconomic indicators such as inflation, GDP growth and employment rates, as they can impact consumer and business spending, ultimately affecting the company's revenue and ability to sustain dividends.

Additionally, the Federal Reserve's monetary policy stance on interest rates can significantly influence the real estate sector. Rising interest rates generally increase borrowing costs, which can dampen property investment and affect profit margins for real estate companies. Conversely, low-interest rates can boost the sector by making financing more affordable. Investors should consider these factors when evaluating the long-term sustainability of One Liberty's dividend payments.

– Increased or Maintained Dividend for Over 30 Consecutive Years –

GREAT NECK, N.Y., March 04, 2024 (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 $0.45 per share. The dividend is payable on April 4, 2024 to stockholders of record at the close of business on March 27, 2024, and represents One Liberty’s 125th consecutive quarterly dividend. One Liberty has increased or maintained its dividend for over 30 consecutive years.

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 on its website at: http://1liberty.com. Interested parties are encouraged to review One Liberty’s Annual Report on Form 10-K and the other reports it files with the Securities and Exchange Commission for additional information.

Contact:
One Liberty Properties
Investor Relations
Phone: (516) 466-3100
http://1liberty.com


FAQ

How much is the quarterly dividend declared by One Liberty Properties, Inc.?

One Liberty Properties, Inc. declared a quarterly dividend of $0.45 per share.

How many consecutive quarterly dividends has One Liberty Properties, Inc. announced?

One Liberty Properties, Inc. has announced its 125th consecutive quarterly dividend.

For how many years has One Liberty Properties, Inc. increased or maintained its dividend?

One Liberty Properties, Inc. has increased or maintained its dividend for over 30 consecutive years.

One Liberty Properties, Inc.

NYSE:OLP

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583.87M
17.90M
13.69%
47.02%
0.59%
REIT - Diversified
Real Estate Investment Trusts
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United States of America
GREAT NECK