True North Commercial REIT (TSE:TNT.UN - Get Free Report) declared a monthly dividend on Wednesday, April 30th, TickerTech Dividends reports. Shareholders of record on Thursday, May 15th will be paid a dividend of 0.0575 per share on Thursday, May 15th. This represents a $0.69 dividend on an annualized basis and a yield of 7.31%. The ex-dividend date of this dividend is Wednesday, April 30th. This is a 131.9% increase from True North Commercial REIT's previous monthly dividend of $0.02.
True North Commercial REIT Stock Down 1.4 %
Shares of TSE TNT.UN opened at C$9.44 on Monday. The stock has a fifty day moving average price of C$9.06 and a 200 day moving average price of C$10.14. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. True North Commercial REIT has a 12-month low of C$7.77 and a 12-month high of C$14.05. The company has a market cap of C$136.50 million, a P/E ratio of -2.91 and a beta of 1.57.
Wall Street Analysts Forecast Growth
Separately, Canaccord Genuity Group decreased their target price on shares of True North Commercial REIT from C$12.00 to C$11.00 and set a "hold" rating for the company in a research note on Thursday, March 20th.
Check Out Our Latest Stock Report on TNT.UN
About True North Commercial REIT
(
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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.
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