Morguard North American (TSE:MRG) Announces Monthly Dividend of $0.06

Morguard North American (TSE:MRG – Get Rating) announced a monthly dividend on Thursday, April 14th, Zacks reports. Investors of record on Friday, April 29th will be paid a dividend of 0.058 per share on Monday, May 16th. This represents a $0.70 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, April 28th.

Morguard North American has a 52-week low of C$13.17 and a 52-week high of C$16.21.

About Morguard North American (Get Rating)

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.

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