Morguard North American Residential REIT (MRG) to Issue $0.05 Monthly Dividend
Morguard North American Residential REIT (TSE:MRG) declared a monthly dividend on Friday, September 15th, Zacks reports. Stockholders of record on Friday, September 29th will be given a dividend of 0.053 per share on Friday, October 13th. This represents a $0.64 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Thursday, September 28th.
About Morguard North American Residential REIT
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.
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