Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Declares Quarterly Dividend of $0.07

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Thursday, September 25th. Investors of record on Thursday, October 9th will be given a dividend of 0.0675 per share on Tuesday, October 14th. This represents a c) dividend on an annualized basis and a yield of 2.0%. The ex-dividend date of this dividend is Thursday, October 9th.

Medalist Diversified REIT Stock Performance

Shares of Medalist Diversified REIT stock opened at $13.69 on Tuesday. The company has a debt-to-equity ratio of 1.72, a current ratio of 2.74 and a quick ratio of 2.74. The firm has a 50 day simple moving average of $12.42 and a 200 day simple moving average of $11.96. Medalist Diversified REIT has a fifty-two week low of $9.55 and a fifty-two week high of $15.00. The firm has a market cap of $18.47 million, a P/E ratio of -7.56 and a beta of 0.39.

Medalist Diversified REIT (NASDAQ:MDRR) last announced its quarterly earnings results on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter. The company had revenue of $2.46 million during the quarter. Medalist Diversified REIT had a negative net margin of 23.54% and a negative return on equity of 10.25%.

Insider Activity

In other news, CEO Frank Kavanaugh bought 22,899 shares of the company’s stock in a transaction on Friday, August 29th. The stock was purchased at an average cost of $12.50 per share, for a total transaction of $286,237.50. Following the completion of the transaction, the chief executive officer owned 58,020 shares of the company’s stock, valued at $725,250. This trade represents a 65.20% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Insiders have acquired 49,538 shares of company stock worth $587,185 in the last three months. 43.80% of the stock is currently owned by corporate insiders.

About Medalist Diversified REIT

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.