Spirit MTA REIT (NYSE:SMTA) declared a quarterly dividend on Thursday, December 6th, Wall Street Journal reports. Shareholders of record on Monday, December 31st will be paid a dividend of 0.33 per share on Tuesday, January 15th. This represents a $1.32 dividend on an annualized basis and a yield of 14.68%. The ex-dividend date of this dividend is Friday, December 28th.

SMTA traded down $0.49 during midday trading on Thursday, reaching $8.99. 2,066,474 shares of the company’s stock were exchanged, compared to its average volume of 347,275. The company has a debt-to-equity ratio of 11.01, a quick ratio of 2.53 and a current ratio of 2.53. Spirit MTA REIT has a 1-year low of $8.50 and a 1-year high of $11.61.

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Spirit MTA REIT Company Profile

Spirit MTA REIT owns investments in a portfolio of primarily single-tenant properties in the United States. It has a portfolio of approximately 901 properties. The company would elect to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.

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