Retail Opportunity Investments Corp. Declares Special Cash Dividend of $0.07 Per Share

Rhea-AI Summary

Retail Opportunity Investments Corp. (NASDAQ:ROIC) declared a special cash dividend of $0.07 per share, payable on January 14, 2022, to stockholders of record on December 23, 2021. This decision stems from gains realized from the company's property disposition initiative in 2021. The Board of Directors confirmed that there are no changes to the policy regarding regular quarterly dividends. As of September 30, 2021, ROIC owned 86 shopping centers, totaling approximately 9.8 million square feet, focusing on grocery-anchored properties on the West Coast.

Positive

• Special cash dividend of $0.07 per share enhances shareholder income.
• Dividends linked to successful property sales indicating effective asset management.
• Maintained dividend policy suggests confidence in cash flow sustainability.

Negative

• None.

SAN DIEGO, Dec. 06, 2021 (GLOBE NEWSWIRE) -- Retail Opportunity Investments Corp. (NASDAQ:ROIC) announced today that its Board of Directors declared a special cash dividend of $0.07 per share payable on January 14, 2022 to stockholders of record on December 23, 2021. This special dividend is a result of gain on sale realized in connection with ROIC’s property disposition initiative during 2021.

The Board of Directors did not make any change in the Company’s policy with respect to regular quarterly dividends.

ABOUT RETAIL OPPORTUNITY INVESTMENTS CORP.

Retail Opportunity Investments Corp. (NASDAQ: ROIC), is a fully-integrated, self-managed real estate investment trust (REIT) that specializes in the acquisition, ownership and management of grocery-anchored shopping centers located in densely-populated, metropolitan markets across the West Coast. As of September 30, 2021, ROIC owned 86 shopping centers encompassing approximately 9.8 million square feet. ROIC is the largest publicly-traded, grocery-anchored shopping center REIT focused exclusively on the West Coast. ROIC is a member of the S&P SmallCap 600 Index and has investment-grade corporate debt ratings from Moody's Investor Services, Standard & Poor’s, and Fitch Ratings, Inc. Additional information is available at: www.roireit.net.

When used herein, the words "believes," "anticipates," "projects," "should," "estimates," "expects," “guidance” and similar expressions are intended to identify forward-looking statements with the meaning of that term in Section 27A of the Securities Act of 1933, as amended, and in Section 21F of the Securities and Exchange Act of 1934, as amended. Certain statements contained herein may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results of ROIC to differ materially from future results expressed or implied by such forward-looking statements. Information regarding such risks and factors is described in ROIC's filings with the SEC, including its most recent Annual Report on Form 10-K, which is available at: www.roireit.net.

Contact:
Ashley Rubino, Investor Relations
858-677-0900
arubino@roireit.net

FAQ

What is the special cash dividend amount for ROIC?

Retail Opportunity Investments Corp. has declared a special cash dividend of $0.07 per share.

When will the special cash dividend for ROIC be paid?

The special cash dividend will be paid on January 14, 2022.

Who is eligible for the ROIC special cash dividend?

Stockholders of record on December 23, 2021, are eligible for the dividend.

Is there any change in ROIC's regular dividend policy?

No, the Board of Directors did not make any changes to the regular quarterly dividend policy.

What initiated the special cash dividend for ROIC?

The special cash dividend is a result of gains realized from ROIC’s property disposition initiative in 2021.