Capreit Plans Monthly Dividend of $0.12 (TSE:CAR)

Capreit (TSE:CAR) declared a monthly dividend on Monday, July 15th, Zacks reports. Investors of record on Wednesday, July 31st will be given a dividend of 0.121 per share on Thursday, August 15th. This represents a $1.45 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Wednesday, July 31st.

Capreit Stock Performance

Capreit has a 52 week low of C$20.71 and a 52 week high of C$50.88.

Capreit (TSE:CAR) last released its earnings results on Wednesday, May 8th. The company reported C$1.07 earnings per share for the quarter, topping the consensus estimate of C$0.61 by C$0.46. The company had revenue of C$275.82 million for the quarter.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts raised shares of Capreit to a “hold” rating in a research note on Monday, July 15th.

About Capreit

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network.