New England Realty Associates LP (NYSEAMERICAN:NEN) announced a quarterly dividend on Thursday, January 10th, Wall Street Journal reports. Investors of record on Friday, March 15th will be paid a dividend of 0.32 per share on Friday, March 29th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 2.37%. The ex-dividend date is Thursday, March 14th. This is an increase from New England Realty Associates’s previous quarterly dividend of $0.30.
New England Realty Associates has increased its dividend payment by an average of 6.3% per year over the last three years and has increased its dividend annually for the last 2 consecutive years.
Shares of NEN stock opened at $54.00 on Friday. New England Realty Associates has a 12 month low of $52.90 and a 12 month high of $73.50.
New England Realty Associates (NYSEAMERICAN:NEN) last announced its quarterly earnings results on Thursday, November 8th. The company reported $5.31 EPS for the quarter. The business had revenue of $14.55 million for the quarter.
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New England Realty Associates Company Profile
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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