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

Slate Grocery REIT Stock Performance

TSE:SGR.UN traded down C$0.08 during mid-day trading on Friday, hitting C$14.17. 76,171 shares of the company's stock traded hands, compared to its average volume of 97,150. The firm has a market capitalization of C$836.03 million, a price-to-earnings ratio of 18.64 and a beta of 1.66. The firm has a 50 day moving average of C$14.50 and a two-hundred day moving average of C$14.20. The company has a current ratio of 0.09, a quick ratio of 0.38 and a debt-to-equity ratio of 133.42. Slate Grocery REIT has a 12 month low of C$11.33 and a 12 month high of C$15.14.

About Slate Grocery REIT

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.