Slate Retail REIT Declares Monthly Dividend of $0.07 (TSE:SRT.UN)

Slate Retail REIT (TSE:SRT.UN) announced a monthly dividend on Thursday, November 28th, TickerTech reports. Shareholders of record on Monday, December 16th will be paid a dividend of 0.0712 per share on Monday, December 16th. This represents a $0.85 annualized dividend and a yield of 6.53%. The ex-dividend date is Thursday, November 28th.

Shares of TSE:SRT.UN traded up C$0.01 during trading on Wednesday, reaching C$13.08. The company had a trading volume of 85,865 shares, compared to its average volume of 42,089. The company has a fifty day moving average of C$12.95 and a two-hundred day moving average of C$12.79. The stock has a market capitalization of $554.04 million and a P/E ratio of 169.87. Slate Retail REIT has a 12 month low of C$11.20 and a 12 month high of C$13.30. The company has a current ratio of 0.17, a quick ratio of 0.13 and a debt-to-equity ratio of 201.81.

In other Slate Retail REIT news, Senior Officer Gregory Stevenson sold 2,520 shares of the stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of C$13.00, for a total transaction of C$32,760.00. Following the transaction, the insider now directly owns 35,558 shares in the company, valued at C$462,254.

SRT.UN has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price objective on shares of Slate Retail REIT from C$9.75 to C$10.00 in a report on Thursday, August 1st. Royal Bank of Canada upped their target price on shares of Slate Retail REIT from C$9.75 to C$10.00 and gave the stock a “sector perform” rating in a research report on Thursday, August 1st. Finally, CIBC reduced their target price on Slate Retail REIT from C$10.25 to C$10.00 in a research note on Thursday, October 31st.

About Slate Retail REIT

Slate Retail REIT is a real estate investment trust focused on U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.4 billion of assets located across the top 50 U.S. metro markets that are visited regularly by consumers for their everyday needs. The REIT's conservative payout ratio, together with its diversified portfolio and quality tenant covenants, provides a strong basis to continue to grow unitholder distributions and the flexibility to capitalize on opportunities that drive value appreciation.

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Dividend History for Slate Retail REIT (TSE:SRT.UN)

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