BRT Apartments: Dividend Insights
Portfolio Pulse from Benzinga Insights
BRT Apartments (NYSE:BRT) has announced a quarterly dividend of 25 cents per share, payable on October 11, 2023. The stock will go ex-dividend on Monday, meaning it will likely open 25 cents lower. Shareholders owning BRT as of the end of Friday's session are eligible for the dividend.
September 27, 2023 | 2:45 pm
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BRT Apartments has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date.
When a company announces a dividend, the stock price typically decreases by approximately the amount of the dividend on the ex-dividend date. This is because the company's assets decrease by the amount of the dividend payout. In this case, BRT Apartments has announced a dividend of 25 cents per share, which will likely cause the stock to open lower on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100