InterRent REIT (TSE:IIP) declared a monthly dividend on Wednesday, June 20th, Zacks reports. Stockholders of record on Saturday, June 30th will be given a dividend of 0.023 per share on Monday, July 16th. This represents a $0.28 annualized dividend and a dividend yield of 2.79%. The ex-dividend date is Thursday, June 28th.
Shares of InterRent REIT stock traded down C$0.09 on Friday, hitting C$9.90. 53,544 shares of the company’s stock traded hands, compared to its average volume of 192,961. InterRent REIT has a 52-week low of C$7.31 and a 52-week high of C$10.19.
Separately, Desjardins reissued a “buy” rating on shares of InterRent REIT in a research report on Wednesday, March 28th.
InterRent Real Estate Investment Trust is a real estate investment trust focused on acquisition, holding, leasing or managing of multi-unit residential properties and real estate ventures. Its portfolio consists of approximately 70 Properties containing over 8,050 suites. Approximately 2,980 suites are located in mid-sized population markets, with the remaining 5,075 suites located in the Greater Toronto Area (GTA), Montreal and the National Capital Region (NCR).
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