RioCan Real Estate Investment Trust (REI) to Issue Monthly Dividend of $0.09 on July 8th

RioCan Real Estate Investment Trust (TSE:REI) announced a monthly dividend on Monday, June 17th, Zacks reports. Stockholders of record on Friday, June 28th will be paid a dividend of 0.093 per share on Monday, July 8th. This represents a $1.12 annualized dividend and a dividend yield of ∞. The ex-dividend date is Friday, June 28th.

RioCan Real Estate Investment Trust Stock Performance

RioCan Real Estate Investment Trust has a 12 month low of C$10.88 and a 12 month high of C$17.17.

RioCan Real Estate Investment Trust (TSE:REI) last announced its quarterly earnings data on Tuesday, May 7th. The company reported C$0.43 earnings per share (EPS) for the quarter, missing the consensus estimate of C$0.44 by C($0.01). The firm had revenue of C$303.39 million for the quarter.

Wall Street Analyst Weigh In

Separately, Scotiabank cut shares of RioCan Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 14th.