Slate Grocery REIT Announces Monthly Dividend of $0.07 (TSE:SGR.UN)

Key Points

• Slate Grocery REIT declared a monthly dividend of C$0.072 per share, payable to holders of record on April 15 with an ex-dividend date of March 31, implying an annualized yield of about 5.7%.
• The stock trades near C$15.05 with a market cap of C$889.92 million, a P/E of 22.27 and a high leverage profile (debt-to-equity of 133.42); its 52-week range is C$12.38–C$16.20.
• In the latest quarter the REIT reported EPS of C$229.28 on revenue of C$71.79 million, and analysts forecast roughly 1.89 EPS for the current year.

Slate Grocery REIT (TSE:SGR.UN - Get Free Report) announced a monthly dividend on Tuesday, March 31st, TickerTech Dividends reports. Investors of record on Wednesday, April 15th will be paid a dividend of 0.072 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.7%. The ex-dividend date is Tuesday, March 31st.

Slate Grocery REIT Stock Up 0.5%

TSE:SGR.UN opened at C$15.05 on Tuesday. The company has a market cap of C$889.92 million, a price-to-earnings ratio of 22.27 and a beta of 1.32. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09. The stock's fifty day moving average price is C$15.61 and its two-hundred day moving average price is C$15.19. Slate Grocery REIT has a 52-week low of C$12.38 and a 52-week high of C$16.20.

Slate Grocery REIT (TSE:SGR.UN - Get Free Report) last released its earnings results on Tuesday, February 10th. The company reported C$229.28 EPS for the quarter. Slate Grocery REIT had a return on equity of 5.14% and a net margin of 16.33%.The company had revenue of C$71.79 million during the quarter. On average, analysts anticipate that Slate Grocery REIT will post 1.8853755 EPS for the current year.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an unincorporated, open-ended mutual fund trust focused on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in the United States of America with an emphasis on grocery-anchored retail properties. The company's properties include Bloomingdale Plaza, Errol Plaza, Meres Town Center, Oak Hill Village, Salerno Village Square, and many more.

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