Corenergy Infrastructure Trust (NASDAQ:CORR) announced a quarterly dividend on Wednesday, May 29th, ARN reports. Shareholders of record on Friday, June 28th will be paid a dividend of $0.125 per share on Friday, July 5th. This represents a $0.50 annualized dividend and a dividend yield of 6.45%.
On a related note, analysts at Zacks downgraded shares of Corenergy Infrastructure Trust to a “neutral” rating in a research note to investors on Wednesday, March 13th. They now have a $7.00 price target on the stock.
Shares of Corenergy Infrastructure Trust (NASDAQ: CORR) traded down 0.64% during mid-day trading on Wednesday, hitting $7.75. Corenergy Infrastructure Trust has a one year low of $5.60 and a one year high of $9.44. The stock’s 50-day moving average is currently $7.61.
Corenergy Infrastructure Trust (NASDAQ: CORR) last announced its earnings results on Friday, May 10th. The company reported $0.10 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by $0.01. On average, analysts predict that Corenergy Infrastructure Trust will post $0.26 earnings per share for the current fiscal year.
CorEnergy Infrastructure Trust, Inc., formerly Tortoise Capital Resources Corporation, is an energy infrastructure asset financing company.