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

Office Properties Income Trust (NASDAQ:OPINL) rose 0.4% during trading on Wednesday after the company announced a dividend. The company traded as high as $8.00 and last traded at $8.00. Approximately 5,690 shares were traded during 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. Investors of record on Thursday, May 15th will be given a dividend of $0.3984 per share. This is a boost from Office Properties Income Trust’s previous quarterly dividend of $0.40. This represents a $1.59 dividend on an annualized basis and a yield of 20.94%. The ex-dividend date of this dividend is Thursday, May 15th.

Office Properties Income Trust Stock Down 4.9 %

The firm’s 50 day moving average price is $8.40 and its 200-day moving average price is $10.73.

Office Properties Income Trust Company Profile

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.