Office Properties Income Trust shares are trading lower after the company reduced its quarterly dividend to $0.01 per share.
Portfolio Pulse from Benzinga Newsdesk
Office Properties Income Trust (OPI) shares have declined following the company's announcement of a reduced quarterly dividend to $0.01 per share.
January 11, 2024 | 1:43 pm
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Office Properties Income Trust (OPI) has seen its share price fall after announcing a significant reduction in its quarterly dividend to $0.01 per share.
The reduction in dividend is a significant change in the company's capital distribution policy, which can be seen as a negative signal about its future cash flow or earnings prospects. This typically leads to a negative investor sentiment and a decrease in share price in the short term.
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IMPORTANCE 90
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