Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Declares $0.07 Quarterly Dividend

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Thursday, September 25th. Stockholders of record on Thursday, October 9th will be given a dividend of 0.0675 per share on Tuesday, October 14th. This represents a c) annualized dividend and a dividend yield of 2.0%. The ex-dividend date is Thursday, October 9th.

Medalist Diversified REIT Trading Up 4.2%

Shares of MDRR opened at $13.69 on Tuesday. Medalist Diversified REIT has a 1 year low of $9.55 and a 1 year high of $15.00. The stock has a 50 day simple moving average of $12.42 and a 200-day simple moving average of $11.96. The company has a current ratio of 2.74, a quick ratio of 2.74 and a debt-to-equity ratio of 1.72. The stock has a market cap of $18.47 million, a PE ratio of -7.56 and a beta of 0.39.

Medalist Diversified REIT (NASDAQ:MDRR) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($0.34) earnings per share for the quarter. The business had revenue of $2.46 million for the quarter. Medalist Diversified REIT had a negative return on equity of 10.25% and a negative net margin of 23.54%.

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.