Bridgemarq Real Estate Services Inc. (TSE:BRE) Increases Dividend to $0.11 Per Share

Bridgemarq Real Estate Services Inc. (TSE:BRE) announced a monthly dividend on Friday, October 18th, TickerTech reports. Investors of record on Thursday, October 31st will be given a dividend of 0.1125 per share on Friday, November 29th. This represents a $1.35 dividend on an annualized basis and a dividend yield of 8.96%. The ex-dividend date is Thursday, October 31st. This is an increase from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11.

Bridgemarq Real Estate Services Stock Down 0.2 %

BRE stock opened at C$15.06 on Friday. The stock has a 50-day simple moving average of C$13.89 and a two-hundred day simple moving average of C$13.39. Bridgemarq Real Estate Services has a twelve month low of C$11.06 and a twelve month high of C$15.19. The firm has a market capitalization of C$142.77 million, a PE ratio of 13.21 and a beta of 1.28.

Bridgemarq Real Estate Services (TSE:BRE) last issued its quarterly earnings data on Tuesday, August 13th. The company reported C$0.17 EPS for the quarter. The firm had revenue of C$110.09 million for the quarter.

Wall Street Analysts Forecast Growth

Separately, Cormark raised shares of Bridgemarq Real Estate Services to a “moderate buy” rating in a report on Thursday, October 10th.

Insider Buying and Selling at Bridgemarq Real Estate Services

In related news, Director Gitanjli Datt acquired 3,000 shares of the firm’s stock in a transaction that occurred on Friday, August 16th. The shares were bought at an average cost of C$13.11 per share, for a total transaction of C$39,330.00. Insiders own 0.89% of the company’s stock.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc provides various services to residential real estate brokers and REALTORS in Canada. The company offers information, tools, and services that assist its customers in the delivery of real estate services. It provides its services under the Royal LePage, Via Capitale, Johnston and Daniel, and Proprio Direct brand names.