Morguard North American (MRG) to Issue Monthly Dividend of $0.06 on November 15th

Posted by Michael Baxter on Oct 17th, 2024

Morguard North American (TSE:MRG – Get Free Report) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.062 per share on Friday, November 15th. This represents a $0.74 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st.

Morguard North American Price Performance

Morguard North American has a 1 year low of C$13.17 and a 1 year high of C$16.21.

Morguard North American (TSE:MRG – Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The company reported C$0.86 earnings per share (EPS) for the quarter. The company had revenue of C$85.76 million during the quarter.

Wall Street Analyst Weigh In

Separately, Cibc World Mkts upgraded Morguard North American to a “strong-buy” rating in a research note on Friday, August 2nd.

Check Out Our Latest Stock Analysis on Morguard North American

About Morguard North American

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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.