Dream Unlimited Corp. (DRM) to Issue Quarterly Dividend of $0.15 on September 30th

Dream Unlimited Corp. (TSE:DRM) declared a quarterly dividend on Thursday, August 29th, Zacks reports. Stockholders of record on Friday, September 13th will be given a dividend of 0.15 per share on Monday, September 30th. This represents a $0.60 annualized dividend and a dividend yield of 2.10%. The ex-dividend date is Friday, September 13th.

Dream Unlimited Trading Up 5.5 %

TSE:DRM opened at C$28.59 on Wednesday. The company has a market capitalization of C$1.16 billion, a PE ratio of -259.91 and a beta of 1.35. The company has a quick ratio of 0.67, a current ratio of 1.45 and a debt-to-equity ratio of 129.72. Dream Unlimited has a 52-week low of C$16.53 and a 52-week high of C$28.96. The stock has a fifty day simple moving average of C$23.34 and a 200-day simple moving average of C$20.69.

Dream Unlimited (TSE:DRM) last released its quarterly earnings results on Tuesday, August 13th. The company reported C$1.47 earnings per share (EPS) for the quarter. The business had revenue of C$178.27 million during the quarter. Dream Unlimited had a negative return on equity of 0.25% and a negative net margin of 0.64%. On average, equities research analysts expect that Dream Unlimited will post 2.015625 earnings per share for the current fiscal year.

Analyst Ratings Changes

Separately, TD Securities lifted their price target on Dream Unlimited from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th.

Dream Unlimited Company Profile

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.