Plaza Retail REIT (TSE:PLZ.UN) Announces $0.02 Monthly Dividend
Plaza Retail REIT (TSE:PLZ.UN) announced a monthly dividend on Tuesday, July 30th, TickerTech reports. Shareholders of record on Thursday, August 15th will be given a dividend of 0.0233 per share on Thursday, August 15th. This represents a $0.28 dividend on an annualized basis and a yield of 6.59%. The ex-dividend date is Tuesday, July 30th.
Shares of TSE PLZ.UN traded up C$0.03 during midday trading on Monday, reaching C$4.24. 93,221 shares of the stock were exchanged, compared to its average volume of 91,926. The firm has a 50 day moving average of C$4.24. The stock has a market cap of $435.64 million and a PE ratio of 15.14. The company has a quick ratio of 0.11, a current ratio of 0.28 and a debt-to-equity ratio of 140.94. Plaza Retail REIT has a twelve month low of C$3.68 and a twelve month high of C$4.35.
Separately, Raymond James reissued a “buy” rating and issued a $0.65 price target on shares of DB Commodity Double Short ETN in a research report on Wednesday, May 15th.
Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.
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