One Liberty Properties Announces Dividend and Resumption of Dividend Reinvestment Plan

Rhea-AI Summary

On June 10, 2021, One Liberty Properties (NYSE: OLP) declared a quarterly dividend of $0.45 per share, payable on July 9, 2021 to stockholders of record by June 25, 2021. This marks the company's 114th consecutive quarterly dividend. Furthermore, the company has resumed its dividend reinvestment plan, offering a 3% discount on shares purchased through the plan. One Liberty Properties is a real estate investment trust managing a diversified portfolio of properties that include industrial and retail locations.

Positive

• Declared a quarterly dividend of $0.45 per share.
• Maintained a consistent dividend history with 114 consecutive payments.
• Resumed the dividend reinvestment plan with a 3% discount for shareholders.

Negative

• None.

GREAT NECK, N.Y., June 10, 2021 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly dividend of $0.45 per share on the Company’s common stock. The dividend is payable July 9, 2021 to stockholders of record on June 25, 2021.   This dividend represents One Liberty’s 114^th consecutive quarterly dividend.

The Company has also resumed its dividend reinvestment plan effective with the current dividend payment. The discount applicable to shares purchased pursuant to this plan is 3%.

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, retail, restaurant, health and fitness and theater 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. Interested parties are encouraged to review One Liberty’s Form 10-K for the year ended December 31, 2020 and its other reports filed thereafter with the Securities and Exchange Commission for additional information.

Contact:
One Liberty Properties
Investor Relations
Phone: (516) 466-3100
www.onelibertyproperties.com