RMR Real Estate Income Fund (RIF) Announces Quarterly Dividend of $0.33
RMR Real Estate Income Fund (NYSE:RIF) declared a quarterly dividend on Friday, August 11th, Wall Street Journal reports. Stockholders of record on Thursday, September 7th will be given a dividend of 0.33 per share on Friday, September 29th. This represents a $1.32 annualized dividend and a dividend yield of 6.33%. The ex-dividend date is Wednesday, September 6th.
RMR Real Estate Income Fund has increased its dividend by an average of 0.3% annually over the last three years.
RMR Real Estate Income Fund (NYSE:RIF) traded down 1.70% during trading on Friday, hitting $20.84. 102,510 shares of the stock traded hands. RMR Real Estate Income Fund has a 52-week low of $18.72 and a 52-week high of $22.63. The company’s 50 day moving average price is $21.86 and its 200-day moving average price is $21.34.
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Separately, Oppenheimer Holdings, Inc. initiated coverage on shares of RMR Real Estate Income Fund in a research note on Tuesday, April 18th. They set a “market perform” rating on the stock.
About RMR Real Estate Income Fund
RMR Real Estate Income Fund (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to earn and pay a high level of current income to its common shareholders. The Fund’s secondary investment objective is capital appreciation. It pursues its investment objectives by investing in securities issued by real estate companies, including real estate investment trusts (REITs).
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