RioCan Real Estate Investment Trust (REI) to Issue Monthly Dividend of $0.09 on September 9th

RioCan Real Estate Investment Trust (TSE:REI) declared a monthly dividend on Thursday, August 15th, Zacks reports. Stockholders of record on Friday, August 30th will be paid a dividend of 0.093 per share on Monday, September 9th. This represents a $1.12 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Friday, August 30th.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust has a 1 year low of C$10.88 and a 1 year high of C$17.17.

Analyst Upgrades and Downgrades

Separately, Scotiabank downgraded RioCan Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 14th.

About RioCan Real Estate Investment Trust

Ring Energy, Inc, an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company’s proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico.