Nexus Real Estate Investment Trust (NYSE:NXR) announced a monthly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.0435 per share on Friday, December 1st. This represents a $0.52 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Tuesday, November 14th. This is an increase from Nexus Real Estate Investment Trust’s previous monthly dividend of $0.04.
Nexus Real Estate Investment Trust has decreased its dividend by an average of 5.4% annually over the last three years.
Shares of Nexus Real Estate Investment Trust (NYSE:NXR) traded down C$0.02 on Friday, hitting C$14.93. The stock had a trading volume of 13,918 shares, compared to its average volume of 15,772. Nexus Real Estate Investment Trust has a 1 year low of C$13.73 and a 1 year high of C$15.67.
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Separately, Desjardins reaffirmed a “buy” rating on shares of Nexus Real Estate Investment Trust in a report on Monday, July 24th.
Nexus Real Estate Investment Trust Company Profile
Nuveen Select Tax-Free Income Portfolio 3 is a diversified closed-end management investment company. The Fund’s investment objective is that it seeks to provide current income and stable dividends, exempt from regular federal and designated state income taxes, where applicable, consistent with the preservation of capital by investing primarily in a portfolio of municipal obligations.
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