Dream Industrial REIT (DIR) to Issue Monthly Dividend of $0.06 on September 13th

Dream Industrial REIT (TSE:DIR) announced a monthly dividend on Wednesday, August 21st, Zacks reports. Shareholders of record on Friday, August 30th will be paid a dividend of 0.058 per share on Friday, September 13th. This represents a $0.70 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Friday, August 30th.

Dream Industrial REIT Stock Performance

Dream Industrial REIT has a 12 month low of C$8.08 and a 12 month high of C$9.49.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts raised shares of Dream Industrial REIT to a “strong-buy” rating in a research report on Monday, July 29th.

Dream Industrial REIT Company Profile

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.