CIM Commercial Trust Corp Announces Quarterly Dividend of $0.13 (CMCT)
CIM Commercial Trust Corp (NASDAQ:CMCT) announced a quarterly dividend on Thursday, December 6th, Wall Street Journal reports. Stockholders of record on Friday, December 14th will be paid a dividend of 0.125 per share by the real estate investment trust on Thursday, December 27th. This represents a $0.50 dividend on an annualized basis and a dividend yield of 2.94%. The ex-dividend date is Thursday, December 13th.
CIM Commercial Trust has decreased its dividend payment by an average of 3.3% annually over the last three years.
Shares of CMCT stock opened at $17.03 on Friday. The company has a debt-to-equity ratio of 1.75, a current ratio of 5.00 and a quick ratio of 5.00. CIM Commercial Trust has a one year low of $11.75 and a one year high of $20.40.
CMCT has been the subject of a number of recent analyst reports. BidaskClub raised CIM Commercial Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 26th. ValuEngine cut CIM Commercial Trust from a “hold” rating to a “sell” rating in a research note on Friday, September 14th.
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About CIM Commercial Trust
CIM Commercial Trust is a real estate investment trust that primarily acquires, owns, and operates Class A and creative office assets in vibrant and improving urban communities throughout the United States. Its properties are primarily located in Los Angeles, the San Francisco Bay Area and Washington, DC CIM Commercial Trust is operated by affiliates of CIM Group, L.P., a vertically-integrated owner and operator of real assets with multi-disciplinary expertise and in-house research, acquisition, credit analysis, development, finance, leasing, and asset management capabilities.
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