Net Lease Office Properties (NYSE:NLOP) to Issue Special Dividend of $3.10

Key Points

• Net Lease Office Properties declared a special dividend of $3.10 per share, set to be paid on September 3rd to investors of record by August 18th.
• As of the latest trading day, shares of NLOP dipped to $33.15, with significant exchange activity of 48,209 shares compared to its average volume.
• Institutional investors own 58.33% of NLOP's stock, indicating strong interest from major investors, with notable positions built by companies like Jones Financial and Tower Research Capital.

Net Lease Office Properties (NYSE:NLOP - Get Free Report) announced a special dividend on Wednesday, August 6th, RTT News reports. Investors of record on Monday, August 18th will be paid a dividend of 3.10 per share on Wednesday, September 3rd.

Net Lease Office Properties Stock Performance

Shares of NLOP stock traded down $0.03 during midday trading on Friday, hitting $33.44. 100,739 shares of the company were exchanged, compared to its average volume of 54,623. The firm has a market capitalization of $495.26 million, a P/E ratio of -7.81 and a beta of 0.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 1.29 and a current ratio of 1.29. The firm's 50 day moving average price is $32.79 and its two-hundred day moving average price is $31.38. Net Lease Office Properties has a 52 week low of $26.10 and a 52 week high of $34.53.

Net Lease Office Properties Company Profile

Net Lease Office Properties NYSE: NLOP is a publicly traded real estate investment trust with a portfolio of 59 high-quality office properties, totaling approximately 8.7 million leasable square feet primarily leased to corporate tenants on a single-tenant net lease basis. The vast majority of the office properties owned by NLOP are located in the U.S., with the balance in Europe.