Slate Grocery REIT (SGR.UN) to Distribute Monthly Dividend of $0.07 on August 17th

Slate Grocery REIT (TSE:SGR.UN) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Stockholders of record on Monday, August 17th will be given a dividend of 0.072 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 4.9%. The ex-dividend date is Friday, July 31st.

Slate Grocery REIT Stock Up 0.2%

Shares of Slate Grocery REIT stock traded up C$0.04 during midday trading on Wednesday, hitting C$17.66. The company’s stock had a trading volume of 4,008 shares, compared to its average volume of 105,769. The firm has a market capitalization of C$1.05 billion, a P/E ratio of 24.88 and a beta of 1.32. The stock has a 50-day simple moving average of C$17.30 and a 200-day simple moving average of C$16.30. The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42. Slate Grocery REIT has a 1-year low of C$13.92 and a 1-year high of C$17.85.

Slate Grocery REIT (TSE:SGR.UN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.33 earnings per share for the quarter. The firm had revenue of C$82.48 million for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%. As a group, sell-side analysts expect that Slate Grocery REIT will post 1.8853755 earnings per share for the current year.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates critical real estate infrastructure across major U.S. metro markets that communities rely upon for their daily needs. The REIT’s resilient grocery-anchored portfolio and strong credit tenants are expected to provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.