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

True North Commercial REIT logo with Real Estate background

True North Commercial REIT (TSE:TNT.UN - Get Free Report) announced a monthly dividend on Friday, May 30th, TickerTech Dividends reports. Stockholders of record on Monday, June 16th will be given a dividend of 0.0575 per share on Monday, June 16th. This represents a $0.69 annualized dividend and a dividend yield of 7.75%. The ex-dividend date is Friday, May 30th.

True North Commercial REIT Price Performance

Shares of True North Commercial REIT stock remained flat at C$8.90 during trading on Tuesday. 10,121 shares of the stock traded hands, compared to its average volume of 23,474. The company has a 50 day simple moving average of C$9.21 and a two-hundred day simple moving average of C$9.57. The firm has a market capitalization of C$128.69 million, a PE ratio of -2.75 and a beta of 1.57. The company has a debt-to-equity ratio of 175.73, a quick ratio of 0.06 and a current ratio of 0.14. True North Commercial REIT has a 12-month low of C$7.77 and a 12-month high of C$14.05.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group lowered 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 report on Thursday, March 20th.

View Our Latest Report on True North Commercial REIT

True North Commercial REIT Company Profile

(Get Free Report)

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.

Further Reading

Dividend History for True North Commercial REIT (TSE:TNT.UN)

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