Morguard North American (MRG) Plans Monthly Dividend of $0.06

Morguard North American (TSE:MRG) declared a monthly dividend on Tuesday, May 15th, Zacks reports. Investors of record on Thursday, May 31st will be given a dividend of 0.055 per share on Friday, June 15th. This represents a $0.66 annualized dividend and a yield of 4.77%. The ex-dividend date is Wednesday, May 30th.

Morguard North American stock traded up C$0.01 during midday trading on Wednesday, hitting C$13.83. 1,901 shares of the company’s stock were exchanged, compared to its average volume of 34,809. Morguard North American has a 52-week low of C$13.17 and a 52-week high of C$16.21.

Morguard North American (TSE:MRG) last posted its earnings results on Tuesday, May 1st. The company reported C$1.43 EPS for the quarter. Morguard North American had a return on equity of 47.67% and a net margin of 177.90%. The business had revenue of C$58.09 million during the quarter.

About Morguard North American

Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust’s investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures.

Dividend History for Morguard North American (TSE:MRG)

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