InterRent REIT (TSE:IIP) announced a monthly dividend on Friday, November 15th, Zacks reports. Stockholders of record on Saturday, November 30th will be given a dividend of 0.026 per share on Monday, December 16th. This represents a $0.31 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, November 28th. This is an increase from InterRent REIT’s previous monthly dividend of $0.02.
InterRent REIT has a 1 year low of C$7.31 and a 1 year high of C$10.19.
Separately, Desjardins reaffirmed a “buy” rating on shares of InterRent REIT in a research report on Wednesday, July 31st.
InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).
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