Dream Industrial REIT Plans Monthly Dividend of $0.06 (DIR)
Dream Industrial REIT (TSE:DIR) declared a monthly dividend on Tuesday, August 21st, Zacks reports. Stockholders of record on Friday, August 31st will be given a dividend of 0.058 per share on Monday, September 17th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 7.37%. The ex-dividend date is Thursday, August 30th.
Shares of TSE:DIR traded up C$0.03 on Friday, reaching C$9.44. 28,518 shares of the company were exchanged, compared to its average volume of 211,198. Dream Industrial REIT has a 1-year low of C$8.08 and a 1-year high of C$9.49.
Dream Industrial REIT (TSE:DIR) last posted its quarterly earnings results on Tuesday, August 7th. The company reported C$0.16 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.23 by C($0.07). Dream Industrial REIT had a return on equity of 6.19% and a net margin of 21.60%. The company had revenue of C$47.53 million for the quarter.
About Dream Industrial REIT
Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.
See Also: Stock Symbols and CUSIP Explained
Receive News & Ratings for Dream Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dream Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.