Morguard North American (TSE:MRG) announced a monthly dividend on Monday, September 16th, Zacks reports. Shareholders of record on Monday, September 30th will be given a dividend of 0.057 per share on Tuesday, October 15th. This represents a $0.68 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, September 27th.
Morguard North American has a 1 year low of C$13.17 and a 1 year high of C$16.21.
Morguard North American (TSE:MRG) last posted its earnings results on Tuesday, July 30th. The company reported C$0.77 EPS for the quarter. The company had revenue of C$60.96 million during the quarter.
Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust’s investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures.
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