First Capital Realty (TSE:FCR) Shares Up 0.6% After Dividend Announcement

First Capital Realty Inc. (TSE:FCR) shot up 0.6% on Monday following a dividend announcement from the company. The company traded as high as C$20.95 and last traded at C$20.86. 3,044,888 shares changed hands during mid-day trading, an increase of 551% from the average session volume of 468,009 shares. The stock had previously closed at C$20.74.

The newly announced dividend which will be paid on Wednesday, May 15th. Stockholders of record on Tuesday, April 30th will be given a $0.072 dividend. The ex-dividend date of this dividend is Monday, April 29th. This represents a $0.86 annualized dividend and a dividend yield of ∞.

First Capital Realty Price Performance

The firm has a fifty day simple moving average of C$20.86.

First Capital Realty (TSE:FCR) last posted its earnings results on Tuesday, February 6th. The company reported C$0.81 earnings per share for the quarter, beating the consensus estimate of C$0.31 by C$0.50. The company had revenue of C$171.18 million for the quarter.