Medalist Diversified REIT, Inc. (NASDAQ:MDRR) to Issue Quarterly Dividend of $0.06

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Thursday, October 3rd, Zacks reports. Shareholders of record on Wednesday, October 16th will be paid a dividend of 0.06 per share on Monday, October 21st. This represents a $0.24 annualized dividend and a yield of 1.96%. The ex-dividend date is Wednesday, October 16th.

Medalist Diversified REIT Price Performance

Shares of NASDAQ MDRR opened at $12.24 on Monday. The company has a debt-to-equity ratio of 2.95, a current ratio of 5.06 and a quick ratio of 5.06. The firm has a 50-day moving average of $12.20. The company has a market cap of $13.68 million, a PE ratio of -6.65 and a beta of 0.73. Medalist Diversified REIT has a fifty-two week low of $8.24 and a fifty-two week high of $14.94.

Insider Activity at Medalist Diversified REIT

In other news, CEO Frank Kavanaugh bought 13,961 shares of the firm’s stock in a transaction that occurred on Thursday, August 15th. The stock was acquired at an average cost of $12.14 per share, with a total value of $169,486.54. Following the completion of the purchase, the chief executive officer now owns 192,631 shares of the company’s stock, valued at $2,338,540.34. This represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Over the last ninety days, insiders purchased 24,623 shares of company stock valued at $300,483. Insiders own 16.92% of the company’s stock.

About Medalist Diversified REIT

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.