Palmetto Real Estate Trust (OTC:PTTTS) Plans $0.13 Quarterly Dividend

Palmetto Real Estate Trust (OTC:PTTTS) declared a quarterly dividend on Wednesday, April 10th, NASDAQ reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.13 per share on Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date is Monday, April 29th.

Palmetto Real Estate Trust Price Performance

Shares of Palmetto Real Estate Trust stock opened at $7.50 on Friday. The business has a 50 day simple moving average of $7.44 and a two-hundred day simple moving average of $7.34. Palmetto Real Estate Trust has a 12 month low of $7.50 and a 12 month high of $8.00.

Palmetto Real Estate Trust Company Profile

Palmetto Real Estate Trust has been organized as a qualified real estate investment trust under the Internal Revenue Code and the applicable state laws. The primary business of the Trust is the ownership, development and rental of various properties throughout South Carolina. A substantial percentage of revenue is derived from tenants in one shopping center.