BRT Apartments: Dividend Insights
Portfolio Pulse from Benzinga Insights
BRT Apartments (NYSE:BRT) announced a quarterly dividend of 25 cents per share, with Monday being the last day for investors to be eligible for the dividend. The stock will go ex-dividend on Tuesday and is expected to open 25 cents lower. Shareholders owning the stock by the end of Monday will receive the dividend on January 05, 2024.

December 14, 2023 | 2:45 pm
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BRT Apartments will pay a quarterly dividend of 25 cents per share. The stock is expected to open lower by the dividend amount on the ex-dividend date.
The stock price is expected to adjust down by the amount of the dividend on the ex-dividend date, which is a common occurrence as the value of the dividend is no longer included in the stock price. This is a significant event for shareholders as it involves direct earnings from their investment, but the price adjustment is a standard market reaction and does not reflect a change in the company's fundamentals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100