Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Increases Dividend to $0.07 Per Share

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) declared a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Shareholders of record on Monday, January 20th will be paid a dividend of 0.065 per share on Thursday, January 23rd. This represents a $0.26 annualized dividend and a yield of 2.00%. The ex-dividend date is Friday, January 17th. This is a positive change from Medalist Diversified REIT’s previous quarterly dividend of $0.06.

Medalist Diversified REIT has decreased its dividend by an average of 35.7% per year over the last three years.

Medalist Diversified REIT Stock Performance

Shares of NASDAQ MDRR traded up $0.09 during midday trading on Wednesday, hitting $12.98. 143 shares of the company’s stock traded hands, compared to its average volume of 1,511. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01. The stock has a market capitalization of $14.47 million, a PE ratio of -59.00 and a beta of 0.71. The company has a fifty day moving average price of $12.62. Medalist Diversified REIT has a 1 year low of $9.53 and a 1 year high of $15.00.

Insiders Place Their Bets

In related news, CEO Frank Kavanaugh acquired 20,917 shares of the business’s stock in a transaction on Friday, November 15th. The stock was acquired at an average cost of $12.29 per share, with a total value of $257,069.93. Following the acquisition, the chief executive officer now directly owns 228,500 shares in the company, valued at $2,808,265. This represents a 10.08 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Benjamin Ore bought 8,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The shares were bought at an average cost of $12.50 per share, with a total value of $100,000.00. Following the completion of the purchase, the insider now directly owns 12,500 shares of the company’s stock, valued at $156,250. This represents a 177.78 % increase in their position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have acquired 43,188 shares of company stock worth $533,987. Company insiders own 56.10% of the company’s stock.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns.