Morguard North American (TSE:MRG) to Issue $0.06 Monthly Dividend

Morguard North American (TSE:MRG) announced a monthly dividend on Monday, April 15th, Zacks reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.062 per share on Wednesday, May 15th. This represents a $0.74 annualized dividend and a dividend yield of ?. The ex-dividend date of this dividend is Monday, April 29th.

Morguard North American Price Performance

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

Morguard North American (TSE:MRG) last posted its quarterly earnings results on Tuesday, February 13th. The company reported C$0.44 EPS for the quarter. The company had revenue of C$85.00 million during the quarter.

Morguard North American Company Profile

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.