CIM Commercial Trust Corp (NASDAQ:CMCT) declared a quarterly dividend on Thursday, December 6th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.125 per share by the real estate investment trust on Thursday, December 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.93%. The ex-dividend date of this dividend is Thursday, December 13th.
CIM Commercial Trust has decreased its dividend by an average of 3.3% annually over the last three years.
Shares of NASDAQ:CMCT traded up $0.05 during midday trading on Thursday, reaching $17.05. 1,495 shares of the company’s stock traded hands, compared to its average volume of 8,491. CIM Commercial Trust has a 1 year low of $11.75 and a 1 year high of $20.40. The company has a current ratio of 5.00, a quick ratio of 5.00 and a debt-to-equity ratio of 1.75.
CIM Commercial Trust (NASDAQ:CMCT) last announced its earnings results on Tuesday, November 13th. The real estate investment trust reported ($0.10) earnings per share (EPS) for the quarter. CIM Commercial Trust had a net margin of 12.02% and a return on equity of 6.19%. The business had revenue of $47.64 million for the quarter.
CMCT has been the topic of a number of research reports. BidaskClub upgraded CIM Commercial Trust from a “hold” rating to a “buy” rating in a report on Saturday, October 27th. ValuEngine upgraded CIM Commercial Trust from a “sell” rating to a “hold” rating in a report on Saturday, October 6th.
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About CIM Commercial Trust
CIM Commercial Trust is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States. Its properties are primarily located in Los Angeles, the San Francisco Bay Area and Washington, DC CIM Commercial Trust is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and asset management capabilities.
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