True North Commercial REIT Declares Monthly Dividend of $0.06 (TSE:TNT.UN)

True North Commercial REIT (TSE:TNT.UN) declared a monthly dividend on Tuesday, June 30th, TickerTech Dividends reports. Investors of record on Wednesday, July 15th will be paid a dividend of 0.0575 per share on Wednesday, July 15th. This represents a c) annualized dividend and a dividend yield of 8.0%. The ex-dividend date of this dividend is Tuesday, June 30th.

True North Commercial REIT Price Performance

Shares of TSE TNT.UN opened at C$8.62 on Friday. The company has a 50 day simple moving average of C$8.36 and a two-hundred day simple moving average of C$8.53. True North Commercial REIT has a fifty-two week low of C$7.99 and a fifty-two week high of C$9.70. The company has a market capitalization of C$121.26 million, a price-to-earnings ratio of -3.72 and a beta of 0.94. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14.

True North Commercial REIT (TSE:TNT.UN) last posted its quarterly earnings results on Tuesday, May 12th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$29.83 million during the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.

About True North Commercial REIT

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.