Dream Unlimited (TSE:DRM) Sets New 52-Week High Following Dividend Announcement

Dream Unlimited Corp. (TSE:DRM)’s share price reached a new 52-week high during trading on Monday after the company announced a dividend. The stock traded as high as C$30.30 and last traded at C$30.10, with a volume of 8715 shares. The stock had previously closed at C$29.92.

The newly announced dividend which will be paid on Monday, September 30th. Investors of record on Monday, September 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 13th. This represents a $0.60 annualized dividend and a yield of 1.96%. Dream Unlimited’s payout ratio is -545.45%.

Analyst Ratings Changes

Separately, TD Securities upped their price objective on Dream Unlimited from C$33.00 to C$35.00 and gave the company a “buy” rating in a research note on Wednesday, September 4th.

Dream Unlimited Trading Up 1.0 %

The stock has a market cap of C$1.24 billion, a PE ratio of -278.45 and a beta of 1.35. The firm has a 50-day simple moving average of C$24.36 and a 200-day simple moving average of C$21.01. The company has a quick ratio of 0.67, a current ratio of 1.45 and a debt-to-equity ratio of 129.72.

Dream Unlimited (TSE:DRM) last posted its earnings results on Tuesday, August 13th. The company reported C$1.47 earnings per share (EPS) for the quarter. The firm had revenue of C$178.27 million for the quarter. Dream Unlimited had a negative return on equity of 0.25% and a negative net margin of 0.64%. Equities analysts forecast that Dream Unlimited Corp. will post 2.015625 earnings per share for the current year.

About Dream Unlimited

Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.