Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) announced a quarterly dividend on Monday, July 13th. Investors of record on Thursday, July 23rd will be given a dividend of 0.0675 per share on Thursday, July 30th. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Thursday, July 23rd.
Medalist Diversified REIT has decreased its dividend by an average of 0.3%annually over the last three years and has increased its dividend every year for the last 2 years.
Medalist Diversified REIT Stock Up 3.7%
MDRR stock traded up $0.41 during trading on Monday, hitting $11.62. 1,290 shares of the company’s stock traded hands, compared to its average volume of 3,021. The firm has a market capitalization of $18.92 million, a P/E ratio of 3.10 and a beta of 0.57. The business has a fifty day simple moving average of $11.48 and a two-hundred day simple moving average of $11.74. The company has a quick ratio of 19.71, a current ratio of 19.71 and a debt-to-equity ratio of 0.48. Medalist Diversified REIT has a 1 year low of $9.47 and a 1 year high of $14.52.
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.
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