Amadeusz Juskowiak

Brt realty trust brt raises quarterly payout

BRT Realty Trust said it raised its quarterly dividend to 50 cts a share from the 42 cts paid in the previous quarter

It said the dividend is payable March 31 to shareholders of record March 17

BRT also said it filed a registration statement with the Securities and Exchange Commission for the public offering of 12 mln shares of common stock

BRT which has about 33 mln common shares currently outstanding said Merrill Lynch Capital Markets will be the sole manager of the offering

Reuter