Dream Unlimited Corp. (TSE:DRM) to Issue Quarterly Dividend of $0.17

Dream Unlimited Corp. (TSE:DRM) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.175 per share on Wednesday, September 30th. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Tuesday, September 15th.

Dream Unlimited Stock Up 2.6%

TSE:DRM traded up C$0.46 during trading hours on Friday, reaching C$17.95. The company had a trading volume of 57,250 shares, compared to its average volume of 35,495. The business’s 50-day simple moving average is C$19.02 and its two-hundred day simple moving average is C$19.27. The firm has a market cap of C$752.88 million, a price-to-earnings ratio of 85.48 and a beta of 1.44. The company has a quick ratio of 0.67, a current ratio of 209.05 and a debt-to-equity ratio of 145.27. Dream Unlimited has a twelve month low of C$17.00 and a twelve month high of C$22.66.

Dream Unlimited (TSE:DRM) last announced its quarterly earnings data on Tuesday, August 11th. The company reported C($0.02) EPS for the quarter. Dream Unlimited had a net margin of 1.87% and a return on equity of 0.61%. The firm had revenue of C$0.07 million during the quarter. On average, equities analysts expect that Dream Unlimited will post 1.9481391 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on DRM. Scotia set a C$25.00 price target on shares of Dream Unlimited and gave the company a “sector outperform” rating in a research report on Thursday. Scotiabank raised shares of Dream Unlimited to a “strong-buy” rating in a research report on Thursday. Finally, TD lifted their target price on Dream Unlimited from C$29.00 to C$30.00 and gave the stock a “buy” rating in a research note on Friday, June 5th. One research analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, Dream Unlimited currently has a consensus rating of “Buy” and an average price target of C$28.00.

Dream Unlimited Company Profile

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.