Artis REIT Announces Monthly Dividend of $0.05 (TSE:AX)

Artis REIT (TSE:AX – Get Rating) announced a monthly dividend on Wednesday, March 15th, Zacks reports. Stockholders of record on Friday, March 31st will be paid a dividend of 0.05 per share on Friday, April 14th. This represents a $0.60 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Thursday, March 30th.

Artis REIT Price Performance

Artis REIT has a one year low of C$12.82 and a one year high of C$14.42.

Artis REIT (TSE:AX – Get Rating) last issued its earnings results on Tuesday, February 28th. The company reported C($1.10) earnings per share for the quarter, missing analysts’ consensus estimates of C$0.28 by C($1.38). The business had revenue of C$94.10 million for the quarter.

Artis REIT Company Profile

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Artis Real Estate Investment Trust (Artis) is an unincorporated closed-end real estate investment trust (REIT). The Company’s objective is to provide stable, reliable and tax efficient monthly cash distributions, as well as long-term appreciation in the value of Artis’ units. Its segments include Western Canada, which comprises British Columbia and Alberta; Central Canada, which comprises Saskatchewan and Manitoba, and Eastern Canada, which comprises Ontario.