360 Capital Mortgage REIT (ASX:TCF) Declares Dividend Increase – $0.07 Per Share

360 Capital Mortgage REIT (ASX:TCF) announced a final dividend on Tuesday, June 25th, MarketIndexAU reports. Shareholders of record on Thursday, July 4th will be paid a dividend of 0.065 per share on Thursday, July 4th. This represents a yield of 1.21%. The ex-dividend date is Wednesday, June 26th. This is a positive change from 360 Capital Mortgage REIT’s previous final dividend of $0.04.

360 Capital Mortgage REIT Stock Performance

Insider Buying and Selling at 360 Capital Mortgage REIT

In other 360 Capital Mortgage REIT news, insider Tony Pitt bought 18,849 shares of the stock in a transaction on Friday, May 3rd. The shares were acquired at an average price of A$5.15 ($3.43) per share, with a total value of A$97,072.35 ($64,714.90). Insiders have acquired 101,481 shares of company stock valued at $524,773 in the last 90 days. 12.42% of the stock is currently owned by company insiders.

About 360 Capital Mortgage REIT

360 Capital Mortgage REIT is a closed-ended fixed income mutual fund launched and managed by Elstree Investment Management Limited. The fund invests in the fixed income markets of Australia. It invests in a range of fixed income and hybrid securities, and other debt securities issued by government bodies, companies and specialist financing vehicles.