Office Properties Income Trust (NASDAQ:OPINL) Stock Price Up 0.4% Following Dividend Announcement

Office Properties Income Trust (NASDAQ:OPINL) shares traded up 0.4% during trading on Wednesday following a dividend announcement from the company. The stock traded as high as $8.00 and last traded at $8.00. 5,690 shares changed hands during mid-day trading, a decline of 76% from the average session volume of 23,244 shares. The stock had previously closed at $7.97.

The newly announced dividend which will be paid on Sunday, June 1st. Shareholders of record on Thursday, May 15th will be given a $0.3984 dividend. This is a positive change from Office Properties Income Trust’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, May 15th. This represents a $1.59 annualized dividend and a yield of 20.94%.

Office Properties Income Trust Stock Performance

The business has a 50-day moving average price of $8.40 and a 200 day moving average price of $10.73.

About Office Properties Income Trust

OPI is a national REIT focused on owning and leasing high quality office and mixed-use properties in select growth-oriented U.S. markets. As of December 31, 2023, approximately 64% of OPI’s revenues were from investment grade rated tenants. OPI owned 152 properties as of December 31, 2023, with approximately 20.5 million square feet located in 30 states and Washington, DC In 2023, OPI was named as an Energy Star® Partner of the Year for the sixth consecutive year.