Office Properties Income Trust (NASDAQ:OPINL) Stock Price Up 0.4% After Dividend Announcement

Office Properties Income Trust (NASDAQ:OPINL)’s share price rose 0.4% on Wednesday following a dividend announcement from the company. The stock traded as high as $8.00 and last traded at $8.00. 5,690 shares were traded during mid-day trading, a decline of 76% from the average daily volume of 23,244 shares. The stock had previously closed at $7.97.

The newly announced dividend which will be paid on Sunday, June 1st. Stockholders of record on Thursday, May 15th will be paid a $0.3984 dividend. The ex-dividend date is Thursday, May 15th. This is an increase from Office Properties Income Trust’s previous quarterly dividend of $0.40. This represents a $1.59 dividend on an annualized basis and a dividend yield of 20.94%.

Office Properties Income Trust Trading Down 4.9 %

The business has a 50-day moving average of $8.40 and a 200-day moving average of $10.73.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI’s revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.