Morguard North American (MRG) Declares Quarterly Dividend of $0.06

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Morguard North American (TSE:MRG) announced a quarterly dividend on Friday, March 15th, Zacks reports. Shareholders of record on Friday, March 29th will be paid a dividend of 0.057 per share on Monday, April 15th. This represents a $0.23 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Thursday, March 28th.

Morguard North American has a 52-week low of C$13.17 and a 52-week high of C$16.21.

Morguard North American (TSE:MRG) last issued its quarterly earnings data on Tuesday, February 12th. The company reported C$0.94 earnings per share (EPS) for the quarter. The company had revenue of C$62.13 million for the quarter.

Separately, Echelon Wealth Partners restated a “buy” rating on shares of Morguard North American in a research report on Wednesday, February 13th.

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About Morguard North American

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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Dividend History for Morguard North American (TSE:MRG)

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