New England Realty Associates LP (NYSEAMERICAN:NEN) declared a quarterly dividend on Thursday, January 10th, Wall Street Journal reports. Stockholders of record on Friday, March 15th will be given a dividend of 0.32 per share on Friday, March 29th. This represents a $1.28 annualized dividend and a dividend yield of 2.37%. The ex-dividend date of this dividend is Thursday, March 14th. This is a positive change from New England Realty Associates’s previous quarterly dividend of $0.30.
New England Realty Associates has raised its dividend payment by an average of 6.3% annually over the last three years and has raised its dividend every year for the last 2 years.
Shares of NYSEAMERICAN:NEN opened at $54.00 on Friday. New England Realty Associates has a twelve month low of $52.90 and a twelve month high of $73.50.
About New England Realty Associates
New England Realty Associates Limited Partnership engages in acquiring, developing, holding for investment, operating, and selling real estate properties in the United States. It owns and operates various residential apartment buildings, condominium units, and commercial properties located in Massachusetts and New Hampshire.
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