One Liberty Properties (OLP) will raise its quarterly dividend by 4.7 percent to $0.45 per share in the fourth quarter of 2017. The new dividend yield for OLP is 6.8%. In 2016 the dividend was hiked by 4.9 percent.

The increased dividend is payable January 5, 2018 to stockholders of record at the close of business on December 22, 2017. 

One Liberty is a self-administered and self-managed real estate investment trust incorporated in Maryland in 1982. The primary business of the Company is to acquire, own and manage a geographically diversified portfolio consisting primarily of retail, industrial, restaurant, health and fitness and theater properties.  Many of these properties are subject to long-term net leases under which the tenant is typically responsible for real estate taxes, insurance and ordinary maintenance and repairs.