First Asset Canadian REIT Income Fund (TSE:RIT) declared a monthly dividend on Thursday, March 22nd, TickerTech reports. Investors of record on Thursday, March 29th will be paid a dividend of 0.0675 per share on Thursday, March 29th. This represents a $0.81 dividend on an annualized basis and a yield of 5.12%. The ex-dividend date of this dividend is Thursday, March 22nd.
Shares of RIT stock traded up C$0.01 during midday trading on Wednesday, reaching C$15.82. 18,839 shares of the company were exchanged, compared to its average volume of 11,628. First Asset Canadian REIT Income Fund has a fifty-two week low of C$15.26 and a fifty-two week high of C$16.24. The company has a market capitalization of $310.21, a P/E ratio of 10.55 and a beta of 0.28.
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First Asset Canadian REIT Income Fund Company Profile
First Asset Canadian Reit Income Fund (the Fund), formerly First Asset REIT Income Fund, is a Canada-based closed-end investment trust. The Fund’s investment objectives is to provide holders with the benefits of high monthly cash distributions together with the opportunity for capital appreciation through the active management of a diversified portfolio of real estate investment trusts (REITs) and real estate corporations that are listed on Canadian stock exchanges.
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