Dream Industrial REIT (TSE:DIR) to Issue $0.06 Monthly Dividend

Dream Industrial REIT (TSE:DIR) declared a monthly dividend on Monday, June 17th, Zacks reports. Shareholders of record on Friday, June 28th will be given a dividend of 0.058 per share on Monday, July 15th. This represents a $0.70 annualized dividend and a yield of ∞. The ex-dividend date is Friday, June 28th.

Dream Industrial REIT Price Performance

Dream Industrial REIT has a fifty-two week low of C$8.08 and a fifty-two week high of C$9.49.

Dream Industrial REIT (TSE:DIR) last announced its earnings results on Tuesday, May 7th. The company reported C$0.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of C$0.25 by C$0.01. The business had revenue of C$114.59 million for the quarter.

Dream Industrial REIT Company Profile

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.