Auto Prop Reit Announces Monthly Dividend of $0.07 (TSE:APR)

Auto Prop Reit (TSE:APR) announced a monthly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.067 per share on Friday, November 15th. This represents a $0.80 annualized dividend and a dividend yield of ∞. The ex-dividend date is Thursday, October 31st.

Auto Prop Reit Stock Performance

Auto Prop Reit (TSE:APR) last released its quarterly earnings results on Wednesday, August 14th. The company reported C$0.74 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.49. The business had revenue of C$23.52 million for the quarter.

About Auto Prop Reit

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 64 income-producing commercial properties and one development property, representing approximately 2.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec.