True North Commercial REIT (TSE:TNT.UN) Announces $0.06 Monthly Dividend

Key Points

• True North Commercial REIT declared a monthly dividend of $0.06, with an annualized dividend of $0.69, yielding 7.35% for shareholders of record on August 15th.
• The company's stock opened at C$9.39, with a market cap of C$135.78 million and a PE ratio of -2.90.
• True North Commercial REIT focuses on acquiring and managing Canadian commercial real estate to provide stable cash distributions and long-term value appreciation for unitholders.

True North Commercial REIT (TSE:TNT.UN - Get Free Report) announced a monthly dividend on Thursday, July 31st, TickerTech Dividends reports. Shareholders of record on Friday, August 15th will be given a dividend of 0.0575 per share on Friday, August 15th. This represents a c) annualized dividend and a yield of 7.3%. The ex-dividend date is Thursday, July 31st.

True North Commercial REIT Stock Performance

TNT.UN traded up C$0.04 during trading on Friday, reaching C$9.40. 14,360 shares of the company's stock were exchanged, compared to its average volume of 20,567. The company's fifty day simple moving average is C$9.30 and its 200-day simple moving average is C$9.19. The stock has a market capitalization of C$135.92 million, a P/E ratio of -2.90 and a beta of 1.57. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. True North Commercial REIT has a 1 year low of C$7.77 and a 1 year high of C$14.05.

About True North Commercial REIT

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties.