RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Trading Down 1.4%

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) shares dropped 1.4% during mid-day trading on Monday . The company traded as low as $14.99 and last traded at $15.07. Approximately 6,431 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 64,231 shares. The stock had previously closed at $15.28.

RioCan Real Estate Investment Trust Stock Down 1.4 %

The business has a fifty day moving average price of $13.37 and a 200-day moving average price of $13.06.

RioCan Real Estate Investment Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Monday, September 9th. Investors of record on Monday, September 2nd were issued a dividend of $0.0675 per share. This represents a yield of 6.11%. The ex-dividend date of this dividend was Friday, August 30th. RioCan Real Estate Investment Trust’s dividend payout ratio is presently 57.26%.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.