CIM Commercial Trust Corp (NASDAQ:CMCT) announced a quarterly dividend on Tuesday, June 4th, NASDAQ reports. Stockholders of record on Friday, June 14th will be paid a dividend of 0.125 per share by the real estate investment trust on Thursday, June 27th. This represents a $0.50 annualized dividend and a dividend yield of 2.48%. The ex-dividend date is Thursday, June 13th.
CIM Commercial Trust has decreased its dividend by an average of 17.0% per year over the last three years.
Shares of CMCT stock traded down $0.30 during trading hours on Wednesday, hitting $20.20. 400 shares of the company’s stock were exchanged, compared to its average volume of 4,530. The company has a debt-to-equity ratio of 0.26, a quick ratio of 17.56 and a current ratio of 17.56. CIM Commercial Trust has a 52 week low of $12.90 and a 52 week high of $21.40.
CMCT has been the topic of several research analyst reports. BidaskClub upgraded CIM Commercial Trust from a “buy” rating to a “strong-buy” rating in a report on Friday, March 1st. TheStreet upgraded CIM Commercial Trust from a “c+” rating to a “b” rating in a report on Thursday, June 6th.
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About CIM Commercial Trust
CIM Commercial is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving metropolitan communities throughout the United States. Its properties are primarily located in Los Angeles, the San Francisco Bay Area and Washington, DC CIM Commercial 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 onsite property management capabilities.
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