DREAM Unlimited Corp (TSE:DRM) Declares $0.03 Quarterly Dividend

DREAM Unlimited Corp (TSE:DRM) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Shareholders of record on Monday, June 15th will be given a dividend of 0.03 per share on Tuesday, June 30th. This represents a $0.12 dividend on an annualized basis and a yield of 1.50%. The ex-dividend date of this dividend is Friday, June 12th.

Shares of TSE DRM traded down C$0.14 during midday trading on Friday, hitting C$7.99. 74,932 shares of the stock traded hands, compared to its average volume of 137,295. The firm has a market capitalization of $749.80 million and a P/E ratio of 2.68. DREAM Unlimited has a one year low of C$6.92 and a one year high of C$13.78. The company has a debt-to-equity ratio of 49.95, a quick ratio of 1.34 and a current ratio of 3.27. The firm has a 50-day moving average of C$8.66 and a two-hundred day moving average of C$10.76.

DREAM Unlimited (TSE:DRM) last posted its quarterly earnings data on Tuesday, May 12th. The company reported C$0.49 EPS for the quarter. The firm had revenue of C$176.46 million for the quarter. Equities analysts forecast that DREAM Unlimited will post 0.87 earnings per share for the current fiscal year.

A number of research firms recently issued reports on DRM. TD Securities raised their price objective on shares of DREAM Unlimited from C$13.50 to C$15.00 and gave the stock a “buy” rating in a report on Wednesday, February 26th. CIBC lifted their price target on shares of DREAM Unlimited from C$13.50 to C$14.00 in a research note on Wednesday, February 26th. Finally, Canaccord Genuity dropped their price target on shares of DREAM Unlimited from C$16.00 to C$13.00 in a research note on Monday, April 13th.

DREAM Unlimited Company Profile

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.

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Dividend History for DREAM Unlimited (TSE:DRM)

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