Morguard North American Declares Monthly Dividend of $0.06 (TSE:MRG)

Morguard North American (TSE:MRG – Get Rating) announced a monthly dividend on Monday, May 16th, Zacks reports. Investors of record on Tuesday, May 31st will be given a dividend of 0.058 per share on Wednesday, June 15th. This represents a $0.70 annualized dividend and a dividend yield of ∞. The ex-dividend date is Monday, May 30th.

Morguard North American has a 52-week low of C$13.17 and a 52-week high of C$16.21.

About Morguard North American (Get Rating)

Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust’s investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures.

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