RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Trading Down 0.8% – Should You Sell?

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)’s stock price was down 0.8% during mid-day trading on Thursday . The company traded as low as $14.32 and last traded at $14.39. Approximately 1,980 shares traded hands during trading, a decline of 97% from the average daily volume of 60,989 shares. The stock had previously closed at $14.51.

RioCan Real Estate Investment Trust Trading Down 0.8 %

The firm has a 50-day moving average of $14.24 and a 200 day moving average of $13.28.

RioCan Real Estate Investment Trust Increases Dividend

The business also recently declared a dividend, which was paid on Monday, October 7th. Stockholders of record on Tuesday, October 1st were issued a dividend of $0.0681 per share. This represents a dividend yield of 5.39%. The ex-dividend date was Monday, September 30th. This is an increase from RioCan Real Estate Investment Trust’s previous dividend of $0.07. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 57.26%.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.