True North Commercial REIT (TNT.UN) to Issue Monthly Dividend of $0.06 on March 16th

True North Commercial REIT (TSE:TNT.UN) declared a monthly dividend on Friday, February 27th, TickerTech Dividends reports. Stockholders of record on Monday, March 16th will be paid a dividend of 0.0575 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 8.1%. The ex-dividend date of this dividend is Friday, February 27th.

True North Commercial REIT Stock Performance

TSE TNT.UN opened at C$8.55 on Friday. The stock has a fifty day simple moving average of C$8.82 and a 200-day simple moving average of C$9.03. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. The stock has a market cap of C$119.52 million, a PE ratio of -3.77 and a beta of 1.34. True North Commercial REIT has a twelve month low of C$7.77 and a twelve month high of C$11.28.

About True North Commercial REIT

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.