Morguard North American (MRG) Plans Monthly Dividend of $0.06
Morguard North American (TSE:MRG) declared a monthly dividend on Monday, April 16th, Zacks reports. Investors of record on Monday, April 30th will be given a dividend of 0.055 per share on Tuesday, May 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.77%. The ex-dividend date of this dividend is Friday, April 27th.
TSE:MRG opened at C$13.83 on Tuesday. 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 released its quarterly earnings results on Wednesday, February 14th. The company reported C$1.63 earnings per share for the quarter. Morguard North American had a return on equity of 47.67% and a net margin of 177.90%. The business had revenue of C$56.89 million during the quarter.
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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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