Morguard North American Residential REIT (TSE:MRG) declared a monthly dividend on Wednesday, November 15th, Zacks reports. Shareholders of record on Thursday, November 30th will be paid a dividend of 0.055 per share on Friday, December 15th. This represents a $0.66 dividend on an annualized basis and a yield of 4.42%. The ex-dividend date is Wednesday, November 29th. This is a boost from Morguard North American Residential REIT’s previous monthly dividend of $0.05.

Morguard North American Residential REIT (MRG) opened at C$14.94 on Tuesday. Morguard North American Residential REIT has a 12-month low of C$13.25 and a 12-month high of C$16.21.

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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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