Dream Industrial REIT (TSE:DIR) announced a monthly dividend on Wednesday, May 20th, Zacks reports. Investors of record on Friday, May 29th will be given a dividend of 0.058 per share on Monday, June 15th. This represents a $0.70 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Thursday, May 28th.
Dream Industrial REIT has a 1 year low of C$8.08 and a 1 year high of C$9.49.
Dream Industrial REIT (TSE:DIR) last posted its quarterly earnings data on Tuesday, February 18th. The company reported C$0.74 EPS for the quarter, topping analysts’ consensus estimates of C$0.18 by C$0.56. The company had revenue of C$50.98 million for the quarter.
Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.
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