Slate Grocery REIT to Issue Monthly Dividend of $0.07 (TSE:SGR.UN)

Slate Grocery REIT (TSE:SGR.UN) announced a monthly dividend on Friday, February 28th, TickerTech Dividends reports. Shareholders of record on Monday, March 17th will be paid a dividend of 0.072 per share on Monday, March 17th. This represents a $0.86 dividend on an annualized basis and a dividend yield of 5.93%. The ex-dividend date of this dividend is Friday, February 28th.

Slate Grocery REIT Price Performance

Shares of TSE:SGR.UN traded up C$0.10 during trading on Wednesday, reaching C$14.58. The stock had a trading volume of 34,084 shares, compared to its average volume of 107,578. The business’s 50-day moving average price is C$13.84 and its 200 day moving average price is C$13.76. The stock has a market capitalization of C$860.22 million, a PE ratio of 19.18 and a beta of 1.66. Slate Grocery REIT has a 52 week low of C$10.59 and a 52 week high of C$15.14. The company has a debt-to-equity ratio of 133.42, a current ratio of 0.09 and a quick ratio of 0.38.

Slate Grocery REIT Company Profile

Slate Grocery REIT is an owner and operator of U.S. grocery-anchored real estate. The REIT owns and operates approximately U.S. $1.3 billion of critical real estate infrastructure across major U.S. metro markets that communities rely upon for their everyday needs. The REIT's resilient grocery-anchored portfolio and strong credit tenants provide unitholders with durable cash flows and the potential for capital appreciation over the longer term.