First Real Estate Investment Trust of New Jersey (OTC Pink:FREVS), a real estate investment trust, has declared a third-quarter dividend of $0.05 per share for its common stock. The dividend is payable on September 13, 2024, to shareholders of record as of August 30, 2024. This announcement was made today, and it marks a continuation of the company's practice of assessing dividends quarterly.
The Trust has indicated that the current dividend declaration does not guarantee similar dividends for future periods, nor does it set a precedent for future dividend amounts. The Board of Directors emphasized that future dividends would be subject to review and determination on a quarterly basis.
In the same statement, First Real Estate Investment Trust of New Jersey cautioned investors regarding forward-looking statements. These statements, which are based on current expectations and projections about future events, are inherently susceptible to uncertainties and changes in circumstances that could cause actual results to differ materially from those expressed in or implied by such statements.
The company's ability to maintain its REIT status, the economic conditions impacting the real estate industry, the performance of its tenants, and various other financial, legal, and regulatory factors are among the risks and uncertainties that could influence its operations and financial outcomes.
This dividend announcement is in line with the Trust's historical practices and reflects its ongoing financial strategy. It is important for investors to note that the dividend amount for the third quarter of 2024 is not indicative of the dividend amounts for future periods.
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