Palmetto Real Estate Trust (OTC:PTTTS) Announces $0.13 Quarterly Dividend

Palmetto Real Estate Trust (OTC:PTTTS) declared a quarterly dividend on Wednesday, July 17th, NASDAQ reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.13 per share on Thursday, August 15th. This represents a $0.52 dividend on an annualized basis and a yield of 6.93%. The ex-dividend date is Wednesday, July 31st.

Palmetto Real Estate Trust Stock Performance

OTC PTTTS opened at $7.50 on Tuesday. Palmetto Real Estate Trust has a fifty-two week low of $7.00 and a fifty-two week high of $7.50. The stock has a 50 day simple moving average of $7.50 and a two-hundred day simple moving average of $7.44.

Palmetto Real Estate Trust Company Profile

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.