360 Capital Mortgage REIT (ASX:TCF) Plans Dividend Increase – $0.05 Per Share

360 Capital Mortgage REIT (ASX:TCF) announced a interim dividend on Monday, January 27th,MarketIndexAU Dividends reports. Shareholders of record on Thursday, February 6th will be paid a dividend of 0.052 per share on Thursday, February 6th. This represents a yield of 0.88%. The ex-dividend date of this dividend is Wednesday, January 29th. This is a positive change from 360 Capital Mortgage REIT’s previous interim dividend of $0.05.

360 Capital Mortgage REIT Stock Performance

Insider Buying and Selling

In other 360 Capital Mortgage REIT news, insider Tony Pitt bought 6,000 shares of the company’s stock in a transaction on Friday, November 29th. The stock was acquired at an average price of A$5.93 ($3.73) per share, for a total transaction of A$35,580.00 ($22,377.36). 12.42% of the stock is owned by company insiders.

About 360 Capital Mortgage REIT

360 Capital Mortgage REIT is a closed-ended fixed income mutual fund launched and managed by Elstree Investment Management Limited. The fund invests in the fixed income markets of Australia. It invests in a range of fixed income and hybrid securities, and other debt securities issued by government bodies, companies and specialist financing vehicles.