Shares of RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Free Report) shot up 0% during trading on Monday . The company traded as high as $12.73 and last traded at $12.72. 16,553 shares changed hands during trading, a decline of 69% from the average session volume of 52,715 shares. The stock had previously closed at $12.72.
RioCan Real Estate Investment Trust Stock Up 0.0 %
The firm’s 50 day simple moving average is $12.58 and its 200-day simple moving average is $13.02.
RioCan Real Estate Investment Trust Increases Dividend
The business also recently disclosed a dividend, which was paid on Thursday, August 8th. Shareholders of record on Thursday, August 1st were paid a $0.0677 dividend. This represents a yield of 6.36%. The ex-dividend date was Wednesday, July 31st. This is an increase from RioCan Real Estate Investment Trust’s previous dividend of $0.07. RioCan Real Estate Investment Trust’s dividend payout ratio is currently 57.26%.
About RioCan Real Estate Investment Trust
RioCan is one of Canada’s largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan’s interest) including office, residential rental and 9 development properties.
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