One Liberty Properties, Inc. Announces Cash Dividend

Rhea-AI Summary

One Liberty Properties, Inc. (NYSE: OLP) announced a quarterly cash dividend of $0.45 per share, payable on January 5, 2023, to shareholders on record as of December 20, 2022. This marks the 120th consecutive quarterly dividend for the company, demonstrating its commitment to returning value to shareholders. A significant portion of this dividend is expected to be included in 2022 taxable income. One Liberty is a self-managed REIT focused on acquiring and managing industrial properties.

Positive

• Quarterly cash dividend of $0.45 declared.
• 120th consecutive quarterly dividend, indicating stable income for shareholders.
• A significant portion of the dividend will be included in 2022 taxable income.

Negative

• None.

GREAT NECK, N.Y., Dec. 07, 2022 (GLOBE NEWSWIRE) -- One Liberty Properties, Inc. (NYSE: OLP) today announced that its Board of Directors declared a quarterly cash dividend on the Company’s common stock of $0.45 per share. The dividend is payable on January 5, 2023 to stockholders of record as of the close of business on December 20, 2022. This dividend represents One Liberty’s 120^th consecutive quarterly dividend.   The Company estimates that a significant portion of this dividend will be included in 2022 taxable income.

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 dividend amount for One Liberty Properties (OLP) in December 2022?

The dividend amount is $0.45 per share.

When will the dividend for OLP be paid?

The dividend will be paid on January 5, 2023.

Who is eligible for the OLP dividend?

Shareholders of record as of December 20, 2022, are eligible.

How many consecutive dividends has OLP declared?

One Liberty has declared its 120th consecutive quarterly dividend.

Will the dividend for OLP affect taxable income?

Yes, a significant portion of the dividend is expected to be included in 2022 taxable income.