Morguard North American (MRG) To Go Ex-Dividend on September 30th

Morguard North American (TSE:MRG) announced a monthly dividend on Monday, September 16th, Zacks reports. Investors of record on Monday, September 30th will be given a dividend of 0.062 per share on Tuesday, October 15th. This represents a $0.74 annualized dividend and a yield of ∞. The ex-dividend date is Monday, September 30th.

Morguard North American Stock Performance

Morguard North American has a 12 month low of C$13.17 and a 12 month high of C$16.21.

Morguard North American (TSE:MRG) last announced its quarterly earnings results on Tuesday, July 30th. The company reported C$0.86 earnings per share for the quarter. The business had revenue of C$85.76 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Cibc World Mkts raised Morguard North American to a “strong-buy” rating in a research report on Friday, August 2nd.

Morguard North American Company Profile

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.