Palmetto Real Estate Trust (PTTTS) To Go Ex-Dividend on October 31st

Palmetto Real Estate Trust (OTC:PTTTS) announced a quarterly dividend on Monday, October 7th, NASDAQ reports. Stockholders of record on Thursday, October 31st will be paid 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 is Thursday, October 31st. This is an increase from Palmetto Real Estate Trust’s previous quarterly dividend of $0.13.

Palmetto Real Estate Trust Stock Performance

PTTTS stock remained flat at $8.00 during midday trading on Tuesday. Palmetto Real Estate Trust has a twelve month low of $7.00 and a twelve month high of $8.00. The company’s 50 day simple moving average is $7.59 and its 200-day simple moving average is $7.53.

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.