DALLAS, Sept. 9, 1999 (PRIMEZONE) -- The Board of Directors of Income Opportunity Realty Investors, Inc. (AMEX:IOT) Thursday announced the payment of a third quarter dividend of 15 cents per share. The dividend will be payable Oct. 5, 1999, to stockholders of record as of Sept. 20, 1999.
The dividend payment represents 27 consecutive quarterly dividends paid to IOT shareholders.
Income Opportunity Realty Investors, Inc. is a Dallas-based real estate investment trust. IOT primarily invests in equity interest in real estate through direct ownership and partnerships.