Dream Unlimited Corp. (TSE:DRM) Announces Dividend Increase – $0.18 Per Share

Dream Unlimited Corp. (TSE:DRM) declared a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.175 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 13th. This is a 7.7% increase from Dream Unlimited’s previous quarterly dividend of $0.16.

Dream Unlimited Price Performance

Shares of Dream Unlimited stock traded down C$0.16 during trading on Wednesday, reaching C$20.54. 10,227 shares of the stock traded hands, compared to its average volume of 38,893. Dream Unlimited has a 52-week low of C$16.60 and a 52-week high of C$23.36. The company has a debt-to-equity ratio of 132.04, a current ratio of 139.03 and a quick ratio of 0.67. The business has a fifty day simple moving average of C$20.30 and a two-hundred day simple moving average of C$19.56. The company has a market capitalization of C$857.63 million, a price-to-earnings ratio of -46.68 and a beta of 1.35.

Dream Unlimited (TSE:DRM) last posted its earnings results on Tuesday, February 24th. The company reported C$0.69 EPS for the quarter. The company had revenue of C$202.81 million for the quarter. Dream Unlimited had a negative return on equity of 1.28% and a negative net margin of 4.03%. Sell-side analysts expect that Dream Unlimited will post 1.9481391 EPS for the current year.

About Dream Unlimited

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.