Medalist Diversified REIT, Inc. (NASDAQ:MDRR) to Issue Dividend Increase – $0.07 Per Share

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) declared a quarterly dividend on Friday, January 3rd,Wall Street Journal reports. Stockholders of record on Monday, January 20th will be given a dividend of 0.065 per share on Thursday, January 23rd. This represents a $0.26 dividend on an annualized basis and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from Medalist Diversified REIT’s previous quarterly dividend of $0.06.

Medalist Diversified REIT has decreased its dividend by an average of 35.7% per year over the last three years.

Medalist Diversified REIT Stock Performance

NASDAQ MDRR opened at $12.50 on Wednesday. The company has a 50-day moving average of $12.67. The company has a current ratio of 4.01, a quick ratio of 4.01 and a debt-to-equity ratio of 3.05. The company has a market capitalization of $13.94 million, a PE ratio of -56.82 and a beta of 0.71. Medalist Diversified REIT has a twelve month low of $9.53 and a twelve month high of $15.00.

Insider Buying and Selling at Medalist Diversified REIT

In other Medalist Diversified REIT news, CFO Charles Brent Jr. Winn bought 6,000 shares of Medalist Diversified REIT stock in a transaction dated Friday, December 13th. The shares were acquired at an average cost of $12.50 per share, with a total value of $75,000.00. Following the acquisition, the chief financial officer now directly owns 44,424 shares of the company’s stock, valued at $555,300. The trade was a 15.62 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Benjamin Ore purchased 8,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The shares were acquired at an average cost of $12.50 per share, with a total value of $100,000.00. Following the completion of the acquisition, the insider now directly owns 12,500 shares in the company, valued at approximately $156,250. This represents a 177.78 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 43,188 shares of company stock worth $533,987 over the last three months. Company insiders own 56.10% of the company’s stock.

About Medalist Diversified REIT

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.