RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Trading 1.7% Higher – Here’s What Happened

Shares of RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) shot up 1.7% on Monday . The stock traded as high as $11.96 and last traded at $11.94. Approximately 34,267 shares changed hands during trading, a decline of 46% from the average daily volume of 63,197 shares. The stock had previously closed at $11.74.

RioCan Real Estate Investment Trust Stock Up 1.7 %

The business has a 50 day simple moving average of $12.67 and a 200-day simple moving average of $13.15.

RioCan Real Estate Investment Trust Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Monday, April 7th. Investors of record on Tuesday, April 1st were given a $0.0674 dividend. The ex-dividend date was Monday, March 31st. This represents a dividend yield of 6.75%. RioCan Real Estate Investment Trust’s dividend payout ratio is presently 57.26%.

RioCan Real Estate Investment Trust Company Profile

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.