CorEnergy Infrastructure Trust, Inc. (NYSE:CORR – Get Rating) announced a quarterly dividend on Friday, May 6th, Zacks reports. Stockholders of record on Tuesday, May 17th will be given a dividend of 0.05 per share by the asset manager on Tuesday, May 31st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 7.97%. The ex-dividend date is Monday, May 16th.
CorEnergy Infrastructure Trust has decreased its dividend by an average of 59.5% annually over the last three years.
CorEnergy Infrastructure Trust stock opened at $2.51 on Friday. CorEnergy Infrastructure Trust has a 1-year low of $2.12 and a 1-year high of $7.75. The firm’s fifty day moving average price is $2.84 and its two-hundred day moving average price is $3.50. The company has a quick ratio of 2.28, a current ratio of 2.51 and a debt-to-equity ratio of 1.61.
A number of institutional investors have recently made changes to their positions in CORR. Virtu Financial LLC purchased a new position in shares of CorEnergy Infrastructure Trust during the fourth quarter worth approximately $108,000. Invesco Ltd. increased its position in CorEnergy Infrastructure Trust by 3.6% during the 3rd quarter. Invesco Ltd. now owns 122,170 shares of the asset manager’s stock valued at $541,000 after purchasing an additional 4,273 shares during the period. Finally, Geode Capital Management LLC increased its position in CorEnergy Infrastructure Trust by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 138,006 shares of the asset manager’s stock valued at $611,000 after purchasing an additional 10,601 shares during the period. Institutional investors and hedge funds own 16.98% of the company’s stock.
CorEnergy Infrastructure Trust Company Profile (Get Rating)
CorEnergy Infrastructure Trust, Inc (NYSE: CORR, CORRPrA), is a real estate investment trust (REIT) that owns critical energy assets, such as pipelines, storage terminals, and transmission and distribution assets. We receive long-term contracted revenue from customers and operators of our assets, including triple-net participating leases and from long term customer contracts.
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