Shares of Dream Unlimited Corp. (TSE:DRM – Get Free Report) hit a new 52-week high during mid-day trading on Monday following a dividend announcement from the company. The company traded as high as C$30.30 and last traded at C$30.10, with a volume of 8715 shares trading hands. The stock had previously closed at C$29.92.
The newly announced dividend which will be paid on Monday, September 30th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.98%. The ex-dividend date is Friday, September 13th. Dream Unlimited’s payout ratio is currently -545.45%.
Analyst Upgrades and Downgrades
Separately, TD Securities increased their target price on shares of Dream Unlimited from C$33.00 to C$35.00 and gave the stock a “buy” rating in a research note on Wednesday, September 4th.
Dream Unlimited Stock Performance
The firm’s 50 day moving average price is C$24.15 and its 200-day moving average price is C$20.95. The company has a debt-to-equity ratio of 129.72, a quick ratio of 0.67 and a current ratio of 1.45. The firm has a market capitalization of C$1.23 billion, a PE ratio of -275.73 and a beta of 1.35.
Dream Unlimited (TSE:DRM – Get Free Report) last posted its earnings results on Tuesday, August 13th. The company reported C$1.47 earnings per share (EPS) for the quarter. The business had revenue of C$178.27 million for the quarter. Dream Unlimited had a negative net margin of 0.64% and a negative return on equity of 0.25%. On average, research analysts expect that Dream Unlimited Corp. will post 2.015625 EPS for the current year.
About Dream Unlimited
Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.
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