Easterly announced that its Board of Directors approved a 1-for-2.5 Reverse Stock Split of the Company’s issued and outstanding shares of common stoc. The Reverse Stock Split is expected to take effect on April 28, 2025, whereby every one share will be issued for every two and a half outstanding shares of Common Stock. Once the Reverse Stock Split goes into effect, the announced dividend of $0.18 will become $0.45.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DEA:
- Jefferies Bets on Office REIT Comeback with These 2 High-Yield Dividend Stocks — Including One With 10% Yield
- Easterly Government Properties initiated with a Buy at Jefferies
- Easterly Government Properties Reports Strong 2024 Results
- Easterly Government Properties: Positive Earnings Call Outlook
- Sell Rating on Easterly Government Properties Due to Increased Leverage and Financial Challenges