Allied Properties Real Estate Investment Trust (TSE:AP) Plans $0.15 Monthly Dividend

Allied Properties Real Estate Investment Trust (TSE:AP) announced a monthly dividend on Monday, July 15th, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.15 per share on Thursday, August 15th. This represents a $1.80 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Wednesday, July 31st.

Allied Properties Real Estate Investment Trust Price Performance

Allied Properties Real Estate Investment Trust (TSE:AP) last announced its earnings results on Tuesday, April 30th. The company reported C($0.13) earnings per share for the quarter, missing the consensus estimate of C$0.58 by C($0.71). The company had revenue of C$143.58 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, National Bank Financial lowered Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

About Allied Properties Real Estate Investment Trust

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry.