Dream Industrial REIT Declares Monthly Dividend of $0.06 (TSE:DIR)

Dream Industrial REIT (TSE:DIR) declared a monthly dividend on Wednesday, March 20th, Zacks reports. Shareholders of record on Thursday, March 28th will be given a dividend of 0.058 per share on Monday, April 15th. This represents a $0.70 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Wednesday, March 27th.

Dream Industrial REIT Price Performance

Dream Industrial REIT has a fifty-two week low of C$8.08 and a fifty-two week high of C$9.49.

Dream Industrial REIT (TSE:DIR) last announced its quarterly earnings data on Tuesday, February 13th. The company reported C($0.03) earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.24 by C($0.27). The company had revenue of C$110.92 million during the quarter.

About Dream Industrial REIT

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.