Palmetto Real Estate Trust (OTC:PTTTS) Declares Quarterly Dividend of $0.17

Palmetto Real Estate Trust (OTC:PTTTS) declared a quarterly dividend on Monday, October 7th, NASDAQ reports. Stockholders of record on Thursday, October 31st will be given a dividend of 0.17 per share on Friday, November 15th. This represents a $0.68 dividend on an annualized basis and a dividend yield of 8.50%. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from Palmetto Real Estate Trust’s previous quarterly dividend of $0.13.

Palmetto Real Estate Trust Price Performance

OTC:PTTTS opened at $8.00 on Wednesday. The company has a 50-day moving average of $7.60 and a 200 day moving average of $7.54. Palmetto Real Estate Trust has a 1-year low of $7.00 and a 1-year high of $8.00.

Palmetto Real Estate Trust Company Profile

Palmetto Real Estate Trust has been organized as a qualified real estate investment trust under the Internal Revenue Code and the applicable state laws. The primary business of the Trust is the ownership, development and rental of various properties throughout South Carolina. A substantial percentage of revenue is derived from tenants in one shopping center.