Dream Industrial REIT (TSE:DIR) Declares $0.06 Monthly Dividend

Dream Industrial REIT (TSE:DIR) announced a monthly dividend on Monday, July 22nd, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.058 per share on Thursday, August 15th. This represents a $0.70 dividend on an annualized basis and a dividend yield of ∞. The ex-dividend date is Wednesday, July 31st.

Dream Industrial REIT Stock Performance

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

Dream Industrial REIT (TSE:DIR) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of C$0.25 by C$0.01. The business had revenue of C$114.59 million during the quarter.

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.