Choice Properties REIT Plans Monthly Dividend of $0.06 (TSE:CHP)

Choice Properties REIT (TSE:CHP) announced a monthly dividend on Monday, September 16th, Zacks reports. Stockholders of record on Monday, September 30th will be given a dividend of 0.063 per share on Tuesday, October 15th. This represents a $0.76 annualized dividend and a dividend yield of ∞. The ex-dividend date of this dividend is Monday, September 30th.

Choice Properties REIT Stock Performance

Choice Properties REIT has a 12-month low of C$11.59 and a 12-month high of C$14.26.

Choice Properties REIT (TSE:CHP) last announced its earnings results on Thursday, July 18th. The company reported C$0.71 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.26 by C$0.45. The business had revenue of C$335.39 million during the quarter, compared to analysts’ expectations of C$338.45 million.

Analyst Upgrades and Downgrades

Separately, Raymond James upgraded Choice Properties REIT to a “moderate buy” rating in a research note on Thursday, June 13th.

About Choice Properties REIT

Choice Properties Real Estate Investment Trust (the Trust) is an unincorporated, open-ended real estate investment trust. The Trust is the owner, manager and developer of retail and other commercial properties across Canada. Its portfolio comprises over 530 properties with a total gross leasable area (GLA) of approximately 44 million square feet.