RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Announces Dividend Increase – $0.07 Per Share

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) announced a dividend on Wednesday, February 26th, investing.com reports. Stockholders of record on Monday, March 3rd will be given a dividend of 0.0679 per share on Friday, March 7th. This represents a dividend yield of 5.84%. The ex-dividend date is Friday, February 28th. This is a boost from RioCan Real Estate Investment Trust’s previous dividend of $0.06.

RioCan Real Estate Investment Trust Stock Up 1.5 %

OTCMKTS:RIOCF traded up $0.20 during mid-day trading on Wednesday, reaching $13.95. The stock had a trading volume of 95,270 shares, compared to its average volume of 61,113. The stock’s 50 day simple moving average is $12.95 and its two-hundred day simple moving average is $13.59. RioCan Real Estate Investment Trust has a 1-year low of $11.43 and a 1-year high of $15.40.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.