Palmetto Real Estate Trust (OTC:PTTTS) Plans $0.13 Quarterly Dividend

Palmetto Real Estate Trust (OTC:PTTTS) announced a quarterly dividend on Wednesday, April 10th, NASDAQ reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.13 per share on Wednesday, May 15th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 6.93%. The ex-dividend date of this dividend is Monday, April 29th.

Palmetto Real Estate Trust Stock Performance

Shares of OTC PTTTS remained flat at $7.50 during mid-day trading on Friday. The company has a 50-day simple moving average of $7.44 and a two-hundred day simple moving average of $7.34. Palmetto Real Estate Trust has a 52-week low of $7.50 and a 52-week high of $8.00.

Palmetto Real Estate Trust Company Profile

Palmetto Real Estate Trust has been organized as a qualified real estate investment trust under the Internal Revenue Code and the applicable state laws. The primary business of the Trust is the ownership, development and rental of various properties throughout South Carolina. A substantial percentage of revenue is derived from tenants in one shopping center.