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 annualized dividend and a yield of 1.50%. The ex-dividend date of this dividend is Friday, June 12th.

DRM traded down C$0.13 during mid-day trading on Friday, hitting C$8.00. The stock had a trading volume of 61,832 shares, compared to its average volume of 137,295. The stock’s fifty day simple moving average is C$8.66 and its 200-day simple moving average is C$10.76. The company has a debt-to-equity ratio of 49.95, a current ratio of 3.27 and a quick ratio of 1.34. The firm has a market capitalization of $749.80 million and a price-to-earnings ratio of 2.68. DREAM Unlimited has a 1-year low of C$6.92 and a 1-year high of C$13.78.

DREAM Unlimited (TSE:DRM) last posted its earnings results on Tuesday, May 12th. The company reported C$0.49 earnings per share for the quarter. The firm had revenue of C$176.46 million during the quarter. As a group, research analysts expect that DREAM Unlimited will post 0.87 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on the stock. CIBC increased their target price on shares of DREAM Unlimited from C$13.50 to C$14.00 in a report on Wednesday, February 26th. Canaccord Genuity cut their target price on shares of DREAM Unlimited from C$16.00 to C$13.00 in a report on Monday, April 13th. Finally, 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.

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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