One Liberty Properties, Inc. (NYSE:OLP) announced a quarterly dividend on Tuesday, March 13th, Wall Street Journal reports. Shareholders of record on Tuesday, March 27th will be paid a dividend of 0.45 per share by the real estate investment trust on Friday, April 6th. This represents a $1.80 dividend on an annualized basis and a yield of 7.69%. The ex-dividend date of this dividend is Monday, March 26th.
One Liberty Properties has raised its dividend by an average of 5.1% annually over the last three years and has increased its dividend every year for the last 5 years. One Liberty Properties has a dividend payout ratio of 85.3% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Analysts expect One Liberty Properties to earn $2.09 per share next year, which means the company should continue to be able to cover its $1.80 annual dividend with an expected future payout ratio of 86.1%.
Shares of One Liberty Properties (NYSE OLP) opened at $23.42 on Wednesday. One Liberty Properties has a 12 month low of $21.02 and a 12 month high of $27.70. The company has a current ratio of 1.77, a quick ratio of 1.77 and a debt-to-equity ratio of 1.36. The firm has a market capitalization of $444.79, a P/E ratio of 11.48, a price-to-earnings-growth ratio of 1.87 and a beta of 0.83.
About One Liberty Properties
One Liberty Properties, Inc is a self-administered and self-managed real estate investment trust (REIT). The Company acquires, owns and manages a geographically diversified portfolio consisting of retail, industrial, flex, and health and fitness properties. As of December 31, 2016, the Company owned 114 properties and participated in joint ventures that own five properties.
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