Canadian Net R E Invt Uts (OTCMKTS:CNNRF) Shares Will Pay Monthly Dividend of C$0.03

Canadian Net R E Invt Uts (OTCMKTS:CNNRF) declared a monthly dividend on Tuesday, August 18th. Shareholders of record on Friday, November 13th will be paid a dividend of C$0.03 per share on Monday, November 30th. This represents a $0.36 annualized dividend and a yield of 8.2%. The ex-dividend date is Friday, November 13th.

Canadian Net R E Invt Uts Stock Performance

OTCMKTS:CNNRF opened at $4.37 on Wednesday. The company has a fifty day simple moving average of $4.54 and a two-hundred day simple moving average of $4.66. Canadian Net R E Invt Uts has a 52 week low of $3.73 and a 52 week high of $6.20.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Canadian Imperial Bank of Commerce reiterated a “neutral” rating on shares of Canadian Net R E Invt Uts in a report on Thursday, August 20th. National Bank Financial assumed coverage on Canadian Net R E Invt Uts in a report on Monday, September 21st. They set a “sector perform” rating on the stock. Two equities research analysts have rated the stock with a Hold rating. According to data from MarketBeat.com, Canadian Net R E Invt Uts presently has an average rating of “Hold”.

About Canadian Net R E Invt Uts

Canadian Net Real Estate Investment Trust is a Canadian real estate investment trust that owns and manages income-producing commercial properties. Its portfolio is focused on net-leased properties, where tenants generally assume responsibility for certain operating costs in addition to rent. The trust’s properties serve commercial tenants, including businesses in the retail and industrial sectors. Its portfolio is concentrated primarily in Quebec and Ontario.