OPI - Why Office Properties Income Trust Shares Are Diving Today | Benzinga
Office Properties Income Trust (NASDAQ:OPI) shares are trading lower on Thursday premarket after the company announced that it is slashing its quarterly dividend to increase liquidity.
The company’s board of trustees has reduced OPI’s regular quarterly cash distribution on its common shares from $0.25 to $0.01.
Office Properties’ cash distribution on its common shares in Q1 2023 was $0.55 per common share ($2.20 per share per year).
The new dividend ...