New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) to Issue $0.40 Quarterly Dividend

New England Realty Associates Limited Partnership (NYSEAMERICAN:NEN) announced a quarterly dividend on Friday, March 14th, Wall Street Journal reports. Stockholders of record on Monday, March 24th will be given a dividend of 0.40 per share on Monday, March 31st. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.94%. The ex-dividend date of this dividend is Monday, March 24th.

New England Realty Associates Limited Partnership has increased its dividend by an average of 7.7% per year over the last three years.

New England Realty Associates Limited Partnership Stock Performance

Shares of NYSEAMERICAN NEN traded up $2.25 during trading hours on Friday, hitting $82.50. 1,403 shares of the company’s stock were exchanged, compared to its average volume of 1,193. The firm has a 50-day moving average of $81.53. New England Realty Associates Limited Partnership has a 1-year low of $67.50 and a 1-year high of $84.00.

About New England Realty Associates Limited Partnership

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 apartments, condominium units, and commercial properties located in Massachusetts and New Hampshire.