CIM Commercial Trust Corporation Announces Quarterly Dividend of $0.13 (CMCT)
CIM Commercial Trust Corporation (NASDAQ:CMCT) announced a quarterly dividend on Wednesday, December 6th, NASDAQ reports. Shareholders of record on Thursday, December 21st will be paid a dividend of 0.125 per share by the real estate investment trust on Thursday, December 28th. This represents a $0.50 annualized dividend and a yield of 2.54%. The ex-dividend date is Wednesday, December 20th.
Shares of CIM Commercial Trust (NASDAQ CMCT) opened at $19.70 on Friday. CIM Commercial Trust has a 52 week low of $15.10 and a 52 week high of $20.45. The company has a debt-to-equity ratio of 1.10, a quick ratio of 9.09 and a current ratio of 9.09. The company has a market cap of $1,143.05, a P/E ratio of 164.58 and a beta of 0.15.
A hedge fund recently raised its stake in CIM Commercial Trust stock. Vanguard Group Inc. grew its position in CIM Commercial Trust Corporation (NASDAQ:CMCT) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 114,692 shares of the real estate investment trust’s stock after purchasing an additional 2,184 shares during the period. Vanguard Group Inc. owned about 0.14% of CIM Commercial Trust worth $1,824,000 at the end of the most recent reporting period. 1.14% of the stock is currently owned by institutional investors and hedge funds.
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About CIM Commercial Trust
CIM Commercial Trust Corporation, together with its subsidiaries, primarily invests in, owns, and operates Class A and office investments in urban communities throughout the United States. These communities are located in areas that include traditional downtown areas and suburban main streets. The Company’s segments are office, hotel, multifamily and lending.
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