Slate Grocery REIT Declares Monthly Dividend of $0.07 (TSE:SGR.UN)

Slate Grocery REIT (TSE:SGR.UN) announced a monthly dividend on Thursday, April 30th, TickerTech Dividends reports. Shareholders of record on Friday, May 15th will be given a dividend of 0.072 per share on Friday, May 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.3%. The ex-dividend date is Thursday, April 30th.

Slate Grocery REIT Stock Performance

Shares of Slate Grocery REIT stock traded down C$0.02 during trading hours on Tuesday, reaching C$16.18. 68,923 shares of the stock traded hands, compared to its average volume of 105,265. The company has a 50 day moving average price of C$15.69 and a 200 day moving average price of C$15.38. The firm has a market capitalization of C$958.88 million, a price-to-earnings ratio of 23.94 and a beta of 1.19. Slate Grocery REIT has a one year low of C$13.72 and a one year high of C$16.47. The company has a quick ratio of 0.38, a current ratio of 0.09 and a debt-to-equity ratio of 133.42.

Slate Grocery REIT (TSE:SGR.UN) last released its quarterly earnings results on Tuesday, February 10th. The company reported C$229.28 earnings per share (EPS) for the quarter. The business had revenue of C$71.79 million during the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%. On average, equities research analysts expect that Slate Grocery REIT will post 1.8853755 earnings per share for the current fiscal year.

About Slate Grocery REIT

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company’s properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.