Morguard North American Residential REIT (MRG) Increases Dividend to $0.06 Per Share

Morguard North American Residential REIT (TSE:MRG) announced a monthly dividend on Wednesday, November 15th, Zacks reports. Investors of record on Thursday, November 30th will be given a dividend of 0.055 per share on Friday, December 15th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 4.50%. The ex-dividend date of this dividend is Wednesday, November 29th. This is a boost from Morguard North American Residential REIT’s previous monthly dividend of $0.05.

Morguard North American Residential REIT (TSE MRG) traded up C$0.06 during trading hours on Friday, hitting C$14.68. 31,030 shares of the company were exchanged, compared to its average volume of 31,704. Morguard North American Residential REIT has a 52 week low of C$13.25 and a 52 week high of C$16.21.

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Morguard North American Residential REIT Company Profile

Morguard North American Residential Real Estate Investment Trust (the Trust) is a real estate investment trust (REIT). The Trust’s investment objectives are to generate stable and growing cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets and maximize long-term Unit value through active asset and property management, and expand the asset base of the REIT and increase adjusted funds from operations per Unit primarily through acquisitions and improvement of its properties through targeted deployed capital expenditures.

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