Medalist Diversified REIT, Inc. (MDRR) To Go Ex-Dividend on January 8th

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Thursday, December 18th. Stockholders of record on Thursday, January 8th will be paid a dividend of 0.0675 per share on Tuesday, January 13th. This represents a c) annualized dividend and a dividend yield of 2.2%. The ex-dividend date of this dividend is Thursday, January 8th.

Medalist Diversified REIT has decreased its dividend by an average of 0.5%annually over the last three years and has increased its dividend annually for the last 2 consecutive years.

Medalist Diversified REIT Price Performance

NASDAQ MDRR opened at $12.29 on Tuesday. The stock’s 50-day moving average price is $13.11 and its two-hundred day moving average price is $12.50. The company has a current ratio of 2.29, a quick ratio of 2.29 and a debt-to-equity ratio of 1.51. The company has a market cap of $13.64 million, a PE ratio of -6.79 and a beta of 0.48. Medalist Diversified REIT has a 1 year low of $9.55 and a 1 year high of $14.52.

Insider Buying and Selling

In related news, CEO Frank Kavanaugh acquired 2,582 shares of the company’s stock in a transaction on Friday, December 12th. The shares were purchased at an average price of $12.99 per share, for a total transaction of $33,540.18. Following the purchase, the chief executive officer owned 302,177 shares in the company, valued at $3,925,279.23. This represents a 0.86% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Marc Carlson sold 20,000 shares of the stock in a transaction that occurred on Friday, November 14th. The stock was sold at an average price of $13.50, for a total transaction of $270,000.00. Following the completion of the sale, the director owned 1,039 shares of the company’s stock, valued at approximately $14,026.50. The trade was a 95.06% decrease in their position. The SEC filing for this sale provides additional information. Insiders bought 107,273 shares of company stock valued at $1,533,639 over the last three months. 43.80% of the stock is owned by insiders.

Medalist Diversified REIT Company Profile

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. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.