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.


Fool contributor Eric Volkman has no position in One Liberty Properties. The Motley Fool has no position in One Liberty Properties. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.