American Finance Trust Inc (NASDAQ:AFIN) to Issue $0.09 Monthly Dividend

American Finance Trust Inc (NASDAQ:AFIN) declared a monthly dividend on Tuesday, October 1st, Zacks reports. Shareholders of record on Friday, October 11th will be paid a dividend of 0.092 per share on Tuesday, October 15th. This represents a $1.10 annualized dividend and a yield of 7.92%. The ex-dividend date is Thursday, October 10th.

Shares of American Finance Trust stock opened at $13.94 on Wednesday. The company has a current ratio of 0.11, a quick ratio of 0.11 and a debt-to-equity ratio of 0.17. American Finance Trust has a 1 year low of $9.36 and a 1 year high of $15.00. The firm’s 50-day moving average is $12.96 and its two-hundred day moving average is $11.39.

AFIN has been the topic of several recent research reports. TheStreet upgraded shares of American Finance Trust from a “d+” rating to a “c-” rating in a report on Tuesday, September 10th. DA Davidson reiterated a “neutral” rating on shares of American Finance Trust in a report on Thursday, October 3rd. Finally, B. Riley began coverage on shares of American Finance Trust in a report on Monday, September 16th. They set a “neutral” rating and a $14.00 target price on the stock.

In other news, Director Lisa Kabnick purchased 14,310 shares of the stock in a transaction dated Monday, September 30th. The shares were acquired at an average cost of $13.91 per share, for a total transaction of $199,052.10.

American Finance Trust Company Profile

American Finance Trust, Inc (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S.

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Dividend History for American Finance Trust (NASDAQ:AFIN)

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