RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Shares Down 0.4% – Here’s What Happened

Shares of RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) were down 0.4% on Wednesday . The company traded as low as $13.3775 and last traded at $13.4040. Approximately 1,071 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 38,613 shares. The stock had previously closed at $13.46.

RioCan Real Estate Investment Trust Stock Down 0.4%

The firm has a 50 day moving average price of $13.41 and a 200-day moving average price of $13.24.

RioCan Real Estate Investment Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, December 1st were given a dividend of $0.0688 per share. The ex-dividend date of this dividend was Friday, November 28th. This represents a yield of 612.0%. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 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.