Capreit (CAR) to Issue Monthly Dividend of $0.11

Capreit (TSE:CAR) declared a monthly dividend on Friday, June 15th, Zacks reports. Shareholders of record on Friday, June 29th will be paid a dividend of 0.111 per share on Monday, July 16th. This represents a $1.33 annualized dividend and a dividend yield of 3.00%. The ex-dividend date of this dividend is Thursday, June 28th.

Shares of Capreit traded down C$0.29, hitting C$44.47, during trading hours on Friday, Marketbeat Ratings reports. 2,571,700 shares of the company’s stock traded hands, compared to its average volume of 2,389,314. Capreit has a 1 year low of C$20.71 and a 1 year high of C$50.88.

Capreit (TSE:CAR) last announced its earnings results on Tuesday, May 8th. The company reported C$0.72 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.45 by C$0.27. The business had revenue of C$168.02 million for the quarter.

Several brokerages have issued reports on CAR. Desjardins upgraded Capreit from a “hold” rating to a “buy” rating in a research report on Sunday, May 6th. National Bank Financial lowered Capreit from an “outperfrom under weight” rating to a “sector perform under weight” rating in a research report on Monday, April 23rd.

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