Capreit Announces Monthly Dividend of $0.13 (TSE:CAR)

Capreit (TSE:CAR) announced a monthly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.125 per share on Friday, November 15th. This represents a $1.50 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date of this dividend is Thursday, October 31st.

Capreit Price Performance

Capreit has a 52-week low of C$20.71 and a 52-week high of C$50.88.

Capreit (TSE:CAR) last released its earnings results on Wednesday, August 7th. The company reported C$0.66 earnings per share for the quarter, beating analysts’ consensus estimates of C$0.64 by C$0.02. The company had revenue of C$278.13 million during the quarter.

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts upgraded shares of Capreit to a “hold” rating in a report on Monday, July 15th.

Capreit Company Profile

Avis Budget Group, Inc, together with its subsidiaries, provides car and truck rentals, car sharing, and ancillary products and services to businesses and consumers. It operates the Avis brand, that offers vehicle rental and other mobility solutions to the premium commercial and leisure segments of the travel industry; the Budget Truck brand, a local, and one-way truck and cargo van rental businesses with a fleet of approximately 20,000 vehicles, which are rented through a network of approximately 465 dealer-operated and 385 company-operated locations that serve the consumer and light commercial sectors in the continental United States; and the Zipcar brand, a car sharing network.