Interrent Real Estate Investment Trust (OTCMKTS:IIPZF) declared a monthly dividend on Monday, November 19th, Zacks reports. Stockholders of record on Friday, November 30th will be paid a dividend of 0.018 per share on Monday, December 17th. This represents a $0.22 dividend on an annualized basis and a dividend yield of 2.39%. The ex-dividend date is Thursday, November 29th. This is an increase from Interrent Real Estate Investment Trust’s previous monthly dividend of $0.02.
Shares of OTCMKTS:IIPZF remained flat at $$9.04 during trading on Friday. The stock has a market cap of $956.29 million and a P/E ratio of 25.52. Interrent Real Estate Investment Trust has a fifty-two week low of $7.18 and a fifty-two week high of $9.20.
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InterRentREIT is a growth-oriented real estate investment trust engaged in increasing Unitholder value and creating a growing and sustainable distribution through the acquisition and ownership of multi-residential properties. InterRent's primary objective is to use the proven industry experience of the Trustees, Management and Operational Team to: (i)Unitholders with stable and growing cash distributions from investments in a diversified portfolio of multi-residential properties; (ii)enhance the value of the assets and maximize long-term Unit value through the active management of such assets; and (iii)expand the asset base and increase Distributable Income through accretive acquisitions.
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