Edgefront Real Estate Investment Trust (NXR) to Issue Monthly Dividend of $0.05 on August 15th

Edgefront Real Estate Investment Trust (TSE:NXR) declared a monthly dividend on Thursday, July 18th, Zacks reports. Shareholders of record on Wednesday, July 31st will be paid a dividend of 0.053 per share on Thursday, August 15th. This represents a $0.64 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Wednesday, July 31st.

Edgefront Real Estate Investment Trust Price Performance

Edgefront Real Estate Investment Trust (TSE:NXR) last posted its earnings results on Tuesday, May 14th. The company reported C$0.47 earnings per share for the quarter, topping the consensus estimate of C$0.18 by C$0.29. The business had revenue of C$41.60 million for the quarter.

Wall Street Analyst Weigh In

Separately, National Bank Financial raised shares of Edgefront Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 17th.

About Edgefront Real Estate Investment Trust

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.