Pro Reit to Issue Monthly Dividend of $0.04 (TSE:PRV)

Pro Reit (TSE:PRVGet Rating) announced a monthly dividend on Tuesday, May 23rd, Zacks reports. Investors of record on Wednesday, May 31st will be given a dividend of 0.038 per share on Thursday, June 15th. This represents a $0.46 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Tuesday, May 30th.

Pro Reit Stock Performance

Pro Reit (TSE:PRVGet Rating) last announced its earnings results on Wednesday, March 22nd. The company reported C$0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.13 by C($0.03). The firm had revenue of C$25.07 million for the quarter.

Wall Street Analyst Weigh In

Separately, National Bank Financial reiterated a “sector perform under weight” rating on shares of Pro Reit in a research report on Tuesday, January 31st.

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