Seven Hills Realty Trust (NASDAQ:SEVN – Get Free Report) announced a quarterly dividend on Friday, July 12th, Wall Street Journal reports. Stockholders of record on Monday, July 22nd will be paid a dividend of 0.35 per share on Thursday, August 15th. This represents a $1.40 dividend on an annualized basis and a dividend yield of 10.49%. The ex-dividend date is Monday, July 22nd.
Seven Hills Realty Trust has raised its dividend payment by an average of 30.5% per year over the last three years. Seven Hills Realty Trust has a payout ratio of 97.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall.
Seven Hills Realty Trust Price Performance
Shares of Seven Hills Realty Trust stock traded up $0.11 during midday trading on Friday, reaching $13.35. The company had a trading volume of 79,839 shares, compared to its average volume of 70,788. The stock has a fifty day moving average price of $12.58 and a 200 day moving average price of $12.74. Seven Hills Realty Trust has a fifty-two week low of $9.58 and a fifty-two week high of $14.08.
Analyst Ratings Changes
View Our Latest Stock Report on Seven Hills Realty Trust
About Seven Hills Realty Trust
Seven Hills Realty Trust, a real estate investment trust, focuses on originating and investing in first mortgage loans secured by middle market and transitional commercial real estate in the United States. The company has elected to be taxed as a real estate investment trust. As a result, it would not be subject to corporate income tax on that portion of its net income that is distributed to shareholders.
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