Dream Unlimited Corp. (TSE:DRM) to Issue $0.16 Quarterly Dividend

Key Points

• Dream Unlimited Corp. announced a quarterly dividend of C$0.1625 per share, payable on September 30th to stockholders of record as of September 15th, representing an annualized yield of 3.0%.
• The company’s stock opened at C$21.59 on Thursday, with a twelve-month price range between C$16.60 and C$33.95.
• Dream Unlimited operates primarily in real estate, focusing on segments such as Asset Management and Urban Development, with the Asset Management segment generating the most revenue.

Dream Unlimited Corp. (TSE:DRM - Get Free Report) announced a quarterly dividend on Wednesday, August 20th, RTT News reports. Investors of record on Monday, September 15th will be given a dividend of 0.1625 per share on Tuesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 3.0%.

Dream Unlimited Stock Performance

Shares of DRM stock traded up C$0.01 during trading hours on Tuesday, reaching C$21.93. The stock had a trading volume of 5,291 shares, compared to its average volume of 29,010. The company has a debt-to-equity ratio of 135.03, a current ratio of 5.58 and a quick ratio of 0.67. Dream Unlimited has a twelve month low of C$16.60 and a twelve month high of C$33.95. The firm has a 50-day simple moving average of C$21.21 and a 200-day simple moving average of C$20.10. The firm has a market capitalization of C$891.53 million, a PE ratio of -40.97 and a beta of 1.39.

Dream Unlimited Company Profile

DREAM Unlimited Corp is a real estate company. The company's divisions include Asset management; Stabilized income generating assets; Urban development - Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.