Tricon Capital Group Inc (TSE:TCN) Announces $0.07 Quarterly Dividend

Tricon Capital Group Inc (TSE:TCN) announced a quarterly dividend on Wednesday, November 8th, Zacks reports. Investors of record on Sunday, December 31st will be given a dividend of 0.065 per share on Monday, January 15th. This represents a $0.26 dividend on an annualized basis and a yield of 2.41%. The ex-dividend date of this dividend is Thursday, December 28th.

Tricon Capital Group (TSE TCN) opened at C$10.77 on Monday. The stock has a market capitalization of $1,440.00, a price-to-earnings ratio of 33.66 and a beta of 0.88. Tricon Capital Group has a 12 month low of C$9.58 and a 12 month high of C$12.05.

TCN has been the subject of a number of recent analyst reports. Raymond James Financial reduced their price objective on Tricon Capital Group from C$14.00 to C$13.75 and set a “strong-buy” rating for the company in a research note on Friday, November 10th. Canaccord Genuity increased their price target on Tricon Capital Group from C$13.25 to C$13.50 in a research note on Monday, November 13th. Royal Bank of Canada increased their price target on Tricon Capital Group from C$13.00 to C$14.00 and gave the stock an “outperform” rating in a research note on Thursday, November 9th. TD Securities increased their price target on Tricon Capital Group from C$12.50 to C$13.50 and gave the stock a “buy” rating in a research note on Friday, November 10th. Finally, CIBC increased their price target on Tricon Capital Group from C$13.00 to C$13.25 in a research note on Monday, November 13th.

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About Tricon Capital Group

Tricon Capital Group Inc is a Canada-based company, which is a principal investor and asset manager focused on the residential real estate industry in North America. The Company operates through five segments: Private Funds and Advisory (PF&A), Principal Investing in Tricon Housing Partners (THP), Tricon American Homes (TAH), Tricon Lifestyle Communities (TLC) and Tricon Luxury Residences (TLR).

Dividend History for Tricon Capital Group (TSE:TCN)

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