Plaza Retail REIT (PLZ.UN) to Issue Monthly Dividend of $0.02 on January 15th

Plaza Retail REIT (TSE:PLZ.UN) announced a monthly dividend on Tuesday, December 31st,TickerTech Dividends reports. Stockholders of record on Wednesday, January 15th will be given a dividend of 0.0233 per share on Wednesday, January 15th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 7.90%. The ex-dividend date is Tuesday, December 31st.

Plaza Retail REIT Price Performance

Shares of TSE:PLZ.UN traded down C$0.07 during midday trading on Friday, hitting C$3.54. The company’s stock had a trading volume of 16,030 shares, compared to its average volume of 43,769. The company has a market cap of C$390.71 million, a P/E ratio of 35.40 and a beta of 1.08. Plaza Retail REIT has a 12-month low of C$3.40 and a 12-month high of C$3.96. The business’s 50 day simple moving average is C$3.71 and its 200 day simple moving average is C$3.70. The company has a debt-to-equity ratio of 124.16, a quick ratio of 0.06 and a current ratio of 0.22.

About Plaza Retail REIT

Plaza is an open-ended real estate investment trust and is a leading retail property owner and developer, focused on Ontario, Quebec and Atlantic Canada. Plaza's portfolio at December 31, 2018 includes interests in 287 properties totaling approximately 8.2 million square feet across Canada and additional lands held for development.