Morguard North American (MRG) to Issue Monthly Dividend of $0.06 on August 30th

Posted by Shelly Janes on Aug 28th, 2024

Morguard North American (TSE:MRG – Get Free Report) announced a monthly dividend on Thursday, August 15th, Zacks reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.062 per share on Friday, August 30th. This represents a $0.74 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, August 30th.

Morguard North American Price Performance

Morguard North American has a 12 month low of C$13.17 and a 12 month high of C$16.21.

Morguard North American (TSE:MRG – Get Free Report) last issued its quarterly earnings results on Tuesday, July 30th. The company reported C$0.86 earnings per share (EPS) for the quarter. The business had revenue of C$85.76 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Cibc World Mkts raised Morguard North American to a “strong-buy” rating in a report on Friday, August 2nd.

Read Our Latest Stock Analysis on Morguard North American

Morguard North American Company Profile

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Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust’s investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures.