Slate Grocery REIT (TSE:SGR.UN) to Issue $0.07 Monthly Dividend

Key Points

• Slate Grocery REIT declared a monthly dividend of $0.07 per share, which equates to an annualized dividend of $0.86 and a yield of 5.97%.
• The stock opened at C$14.48 and has a market cap of C$854.32 million, with a P/E ratio of 19.05.
• Slate Grocery REIT focuses on acquiring and leasing grocery-anchored retail properties in the United States, with notable properties including Bloomingdale Plaza and Errol Plaza.

Slate Grocery REIT (TSE:SGR.UN - Get Free Report) declared a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Stockholders of record on Friday, August 15th will be given a dividend of 0.072 per share on Friday, August 15th. This represents a c) annualized dividend and a dividend yield of 6.1%. The ex-dividend date of this dividend is Thursday, July 31st.

Slate Grocery REIT Price Performance

Shares of TSE:SGR.UN traded down C$0.08 during midday trading on Monday, hitting C$14.17. The company's stock had a trading volume of 76,171 shares, compared to its average volume of 97,150. Slate Grocery REIT has a 12-month low of C$11.33 and a 12-month high of C$15.14. The company has a market cap of C$836.03 million, a P/E ratio of 18.64 and a beta of 1.66. The business's 50 day simple moving average is C$14.50 and its 200 day simple moving average is C$14.21. The company has a debt-to-equity ratio of 133.42, a quick ratio of 0.38 and a current ratio of 0.09.

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.