Chartwell Retirement Residences (TSE:CSH.UN) to Issue $0.05 Monthly Dividend

Key Points

• Chartwell Retirement Residences declared a monthly dividend of $0.05 per share, representing an annualized dividend of $0.61 and a yield of 3.55%.
• The stock's current market capitalization is C$4.68 billion with a price-to-earnings ratio of -101.47 and a recent trading price of C$17.25.
• Analysts have recently upgraded their price objectives for Chartwell, with targets ranging from C$20.50 to C$21.00 and a consensus rating of "Buy".

Chartwell Retirement Residences (TSE:CSH.UN - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Investors of record on Friday, August 15th will be paid a dividend of 0.051 per share on Friday, August 15th. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date is Thursday, July 31st.

Chartwell Retirement Residences Price Performance

CSH.UN stock traded down C$0.02 during midday trading on Friday, reaching C$17.69. 276,446 shares of the stock were exchanged, compared to its average volume of 335,889. The stock has a market capitalization of C$4.80 billion, a PE ratio of -104.06 and a beta of 1.12. Chartwell Retirement Residences has a 52 week low of C$13.40 and a 52 week high of C$18.70. The company has a debt-to-equity ratio of 192.20, a current ratio of 0.43 and a quick ratio of 0.07. The company has a fifty day moving average price of C$18.11 and a 200 day moving average price of C$17.19.

Wall Street Analyst Weigh In

CSH.UN has been the topic of a number of research reports. BMO Capital Markets boosted their price objective on Chartwell Retirement Residences from C$19.00 to C$21.00 in a research report on Monday, May 12th. TD Securities boosted their price objective on Chartwell Retirement Residences from C$20.00 to C$21.00 in a research report on Monday, May 12th. Eight research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and a consensus target price of C$18.38.

Chartwell Retirement Residences Company Profile

Chartwell Retirement Residences is an unincorporated open-ended trust. The company is engaged in the ownership, operation, and management of retirement and long-term care communities in Canada. It operates its retirement and long-term care facilities separately. The Retirement Operations segment consists of communities that the company owns and operates in Canada.