First Asset Canadian REIT Income Fund Announces Monthly Dividend of $0.07 (RIT)
First Asset Canadian REIT Income Fund (TSE:RIT) declared a monthly dividend on Thursday, December 20th, TickerTech reports. Shareholders of record on Monday, December 31st will be given a dividend of 0.0675 per share on Monday, December 31st. This represents a $0.81 annualized dividend and a yield of 5.03%. The ex-dividend date of this dividend is Thursday, December 20th.
TSE RIT traded up C$0.03 during trading hours on Wednesday, reaching C$16.11. 3,200 shares of the company’s stock were exchanged, compared to its average volume of 11,638. First Asset Canadian REIT Income Fund has a one year low of C$15.26 and a one year high of C$17.16.
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First Asset Canadian Reit Income Fund (the Fund), formerly First Asset REIT Income Fund, is a Canada-based investment trust. The Fund’s investment objectives is to provide holders with the benefits of high monthly cash distributions together with the opportunity for capital appreciation through the active management of a diversified portfolio of real estate investment trusts (REITs) and real estate corporations that are listed on Canadian stock exchanges.
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