Allied Properties Real Estate Investment Trust Plans Monthly Dividend of $0.15 (TSE:AP)

Allied Properties Real Estate Investment Trust (TSE:AP) announced a monthly dividend on Tuesday, October 15th, Zacks reports. Shareholders of record on Thursday, October 31st will be paid a dividend of 0.15 per share on Friday, November 15th. This represents a $1.80 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, October 31st.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust (TSE:AP) last released its earnings results on Tuesday, July 30th. The company reported C$0.20 earnings per share for the quarter, missing the consensus estimate of C$0.56 by C($0.36). The business had revenue of C$146.75 million during the quarter.

Analyst Ratings Changes

Separately, National Bank Financial lowered shares of Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, July 17th.

About Allied Properties Real Estate Investment Trust

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry.