Dream Industrial REIT (TSE:DIR) to Issue $0.06 Monthly Dividend

Dream Industrial REIT (TSE:DIR) declared a monthly dividend on Friday, April 19th, Zacks reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.058 per share on Wednesday, May 15th. This represents a $0.70 dividend on an annualized basis and a yield of ?. The ex-dividend date of this dividend is Monday, April 29th.

Dream Industrial REIT Price Performance

Dream Industrial REIT has a 12 month low of C$8.08 and a 12 month high of C$9.49.

Dream Industrial REIT (TSE:DIR) last released its quarterly earnings results on Tuesday, February 13th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of C$0.24 by C($0.27). The company had revenue of C$110.92 million during the quarter.

Dream Industrial REIT Company Profile

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.