Palmetto Real Estate Trust to Issue Quarterly Dividend of $0.13 (OTC:PTTTS)

Palmetto Real Estate Trust (OTC:PTTTS) declared a quarterly dividend on Wednesday, July 17th, NASDAQ reports. Stockholders of record on Wednesday, July 31st will be paid a dividend of 0.13 per share on Thursday, August 15th. This represents a $0.52 annualized dividend and a dividend yield of 6.93%. The ex-dividend date of this dividend is Wednesday, July 31st.

Palmetto Real Estate Trust Stock Performance

Shares of Palmetto Real Estate Trust stock opened at $7.50 on Monday. Palmetto Real Estate Trust has a 52-week low of $7.00 and a 52-week high of $7.50. The company’s 50 day moving average price is $7.50 and its 200-day moving average price is $7.44.

About Palmetto Real Estate Trust

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.