Medalist Diversified REIT, Inc. (NASDAQ:MDRR) to Issue $0.05 Dividend

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) declared a dividend on Friday, July 5th, NASDAQ reports. Stockholders of record on Tuesday, July 23rd will be paid a dividend of 0.05 per share on Friday, July 26th. The ex-dividend date is Tuesday, July 23rd.

Medalist Diversified REIT Stock Up 4.7 %

Shares of Medalist Diversified REIT stock opened at $12.20 on Monday. Medalist Diversified REIT has a 1-year low of $2.06 and a 1-year high of $14.94. The stock’s 50 day simple moving average is $4.04 and its 200-day simple moving average is $2.13. The company has a debt-to-equity ratio of 2.86, a quick ratio of 5.21 and a current ratio of 5.21.

Insider Activity at Medalist Diversified REIT

In other Medalist Diversified REIT news, CEO Frank Kavanaugh acquired 38,510 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were purchased at an average cost of $1.13 per share, for a total transaction of $43,670.34. Following the completion of the acquisition, the chief executive officer now owns 1,625,805 shares of the company’s stock, valued at approximately $1,843,662.87. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have acquired 339,020 shares of company stock worth $385,943. Insiders own 16.92% of the company’s stock.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.