On June 08, 2022 BRT Apartments Corp. (BRT) announced that its Board of Directors declared a quarterly dividend of $0.25 per share on the Company’s common stock, representing an increase of $0.02 per share, or 8.7%, over the prior dividend. The dividend is payable July 8, 2022 to stockholders of record on June 30, 2022. The new dividend yield for BRT is 4.4% at a stock price of $22.03.
BRT is a real estate investment trust that owns, operates and, to a lesser extent, develops multi-family properties. The multi-family properties include garden apartment, mid-rise or town home style properties that provide residents with amenities, such as a clubhouse, swimming pool, laundry facilities and cable television access.