One Liberty Properties (NYSE:OLP) has declared its first quarterly dividend for 2013. The company is to pay $0.35 per share of its common stock on April 3 to shareholders of record as of March 25.

That amount matches OLP's previous disbursement, which was handed out last December.  Prior to that, the real estate investment trust paid $0.33 per share.

The current dividend annualizes to $1.40 per share. That yields 6.4% at OLP's most recent closing stock price of $21.88.


This article represents the opinion of the writer, who may disagree with the “official” recommendation position of a Motley Fool premium advisory service. We’re motley! Questioning an investing thesis -- even one of our own -- helps us all think critically about investing and make decisions that help us become smarter, happier, and richer.