MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) to Issue Quarterly Dividend of $0.05

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) announced a quarterly dividend on Thursday, March 20th, Wall Street Journal reports. Investors of record on Monday, March 31st will be paid a dividend of 0.05 per share on Friday, April 25th. This represents a $0.20 dividend on an annualized basis and a dividend yield of 12.90%. The ex-dividend date of this dividend is Monday, March 31st.

MacKenzie Realty Capital Trading Up 0.6 %

Shares of MKZR stock opened at $1.55 on Friday. The stock’s 50-day moving average price is $2.00. MacKenzie Realty Capital has a 12 month low of $1.05 and a 12 month high of $6.07.

Insider Buying and Selling

In other MacKenzie Realty Capital news, CEO Robert E. Dixon purchased 15,000 shares of the firm’s stock in a transaction dated Tuesday, January 21st. The shares were acquired at an average price of $2.56 per share, with a total value of $38,400.00. Following the purchase, the chief executive officer now directly owns 40,000 shares in the company, valued at approximately $102,400. This trade represents a 60.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Over the last three months, insiders acquired 99,328 shares of company stock worth $201,608. Company insiders own 0.59% of the company’s stock.

About MacKenzie Realty Capital

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.