Plaza Retail REIT Announces Monthly Dividend of $0.02 (TSE:PLZ.UN)

Key Points

• Plaza Retail REIT announced a monthly dividend of $0.0233 per share, equivalent to an annualized yield of 6.87%, with shareholders of record to be paid on August 15th.
• The stock is currently priced at C$4.07 and has a market capitalization of C$449.21 million, with a P/E ratio of 40.70.
• Plaza Retail REIT operates in retail property ownership and development, primarily in Ontario, Quebec, and Atlantic Canada, with interests in 287 properties totaling approximately 8.2 million square feet.

Plaza Retail REIT (TSE:PLZ.UN - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 15th will be paid a dividend of 0.0233 per share on Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 6.7%. The ex-dividend date is Thursday, July 31st.

Plaza Retail REIT Stock Performance

PLZ.UN remained flat at C$4.16 during trading on Friday. The company's stock had a trading volume of 48,451 shares, compared to its average volume of 48,187. The stock has a 50-day moving average price of C$3.93 and a 200 day moving average price of C$3.77. The firm has a market capitalization of C$459.14 million, a price-to-earnings ratio of 41.60 and a beta of 1.08. Plaza Retail REIT has a one year low of C$3.40 and a one year high of C$4.20. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22.

Plaza Retail REIT Company Profile

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.