BRT Apartments Corp. Increases Share Repurchase Authorization To $10M
Portfolio Pulse from Benzinga Newsdesk
BRT Apartments Corp. (NYSE:BRT) has extended its share repurchase program to December 31, 2025, and increased the authorization to $10 million. The company has repurchased 166,565 shares at an average price of $18.09 per share. The Board of Directors also declared a quarterly dividend of $0.25 per share.
June 14, 2023 | 2:25 pm
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BRT Apartments Corp. extends share repurchase program and increases authorization to $10 million, potentially boosting investor confidence.
The extension and increase of the share repurchase program demonstrate BRT's commitment to returning value to shareholders. This move, along with the declared dividend, may boost investor confidence and positively impact the stock price in the short term.
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