MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) to Issue Quarterly Dividend of $0.05

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) declared a quarterly dividend on Monday, March 24th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.05 per share on Friday, April 25th. This represents a $0.20 dividend on an annualized basis and a yield of 12.90%. The ex-dividend date is Monday, March 31st.

MacKenzie Realty Capital Trading Down 5.5 %

Shares of MacKenzie Realty Capital stock opened at $1.55 on Tuesday. MacKenzie Realty Capital has a 52-week low of $1.05 and a 52-week high of $6.07. The business’s 50-day moving average price is $2.09.

Insider Activity

In related news, CEO Robert E. Dixon bought 15,000 shares of the firm’s stock in a transaction on Tuesday, January 21st. The shares were bought at an average cost of $2.56 per share, for a total transaction of $38,400.00. Following the transaction, the chief executive officer now owns 40,000 shares of the company’s stock, valued at approximately $102,400. This trade represents a 60.00 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired 89,328 shares of company stock valued at $186,108 in the last three months. 0.59% of the stock is currently owned by company insiders.

MacKenzie Realty Capital Company Profile

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.