One Liberty Properties Announces Dividend and Expands Share Repurchase Authorization

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.

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 $0.45 per share. The dividend will be payable on October 7, 2022 to stockholders of record as of the close of business on September 27, 2022. This dividend represents One Liberty’s 119^th consecutive quarterly dividend.

OLP also announced that the Board approved an approximate $5.2 million increase to its existing share repurchase authorization. The expansion is in addition to the approximately $2.3 million remaining on the current repurchase authorization, resulting in share repurchase authorization of up to $7.5 million of common stock.

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

FAQ

What is the recent dividend declared by One Liberty Properties (OLP)?

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

When will the dividend for OLP be paid?

The dividend will be payable on October 7, 2022, to stockholders of record as of September 27, 2022.

What is the total share repurchase authorization for OLP now?

The total share repurchase authorization for One Liberty Properties is now $7.5 million.

How many consecutive quarterly dividends has OLP paid?

One Liberty Properties has paid 119 consecutive quarterly dividends.