True North Commercial REIT Plans Monthly Dividend of $0.06 (TSE:TNT.UN)

True North Commercial REIT (TSE:TNT.UN) announced a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Shareholders of record on Monday, August 17th will be paid a dividend of 0.0575 per share on Monday, August 17th. This represents a c) dividend on an annualized basis and a dividend yield of 7.7%. The ex-dividend date is Friday, July 31st.

True North Commercial REIT Price Performance

Shares of TSE TNT.UN opened at C$8.94 on Wednesday. The company has a quick ratio of 0.06, a current ratio of 0.14 and a debt-to-equity ratio of 175.73. True North Commercial REIT has a 52-week low of C$7.99 and a 52-week high of C$9.55. The firm has a market cap of C$125.76 million, a price-to-earnings ratio of -3.86 and a beta of 0.95. The business’s 50 day moving average is C$8.53 and its two-hundred day moving average is C$8.49.

True North Commercial REIT (TSE:TNT.UN) last announced its earnings results on Tuesday, May 12th. The company reported C$0.03 EPS for the quarter. The firm had revenue of C$29.83 million for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.

True North Commercial REIT Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.