True North Commercial REIT (TNT.UN) To Go Ex-Dividend on July 31st

True North Commercial REIT (TSE:TNT.UN) declared a monthly dividend on Friday, July 31st, TickerTech Dividends reports. Investors of record on Monday, August 17th will be given a dividend of 0.0575 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 7.7%. The ex-dividend date is Friday, July 31st.

True North Commercial REIT Stock Up 0.9%

TSE:TNT.UN traded up C$0.08 during mid-day trading on Wednesday, hitting C$8.95. The stock had a trading volume of 690 shares, compared to its average volume of 18,614. The company has a market capitalization of C$125.90 million, a PE ratio of -3.86 and a beta of 0.95. The stock has a 50-day simple moving average of C$8.53 and a two-hundred day simple moving average of C$8.49. The company has a current ratio of 0.14, a quick ratio of 0.06 and a debt-to-equity ratio of 175.73. True North Commercial REIT has a twelve month low of C$7.99 and a twelve month high of C$9.55.

True North Commercial REIT (TSE:TNT.UN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.03 earnings per share (EPS) for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.The firm had revenue of C$29.83 million for the quarter.

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.