Medalist Diversified REIT, Inc. (MDRR) to Issue Quarterly Dividend of $0.07 on July 30th

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Friday, July 10th. Stockholders of record on Thursday, July 23rd will be given a dividend of 0.0675 per share on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, July 23rd.

Medalist Diversified REIT has decreased its dividend payment by an average of 0.3%annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Medalist Diversified REIT Trading Up 0.0%

Shares of MDRR stock opened at $11.61 on Tuesday. Medalist Diversified REIT has a fifty-two week low of $9.47 and a fifty-two week high of $14.52. The stock’s fifty day moving average price is $11.50 and its two-hundred day moving average price is $11.71. The company has a debt-to-equity ratio of 0.48, a quick ratio of 19.71 and a current ratio of 19.71. The company has a market cap of $18.92 million, a PE ratio of 3.09 and a beta of 0.57.

Medalist Diversified REIT (NASDAQ:MDRR) last released its earnings results on Wednesday, May 13th. The company reported ($1.90) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14). The business had revenue of $2.16 million during the quarter, compared to the consensus estimate of $3.00 million. Medalist Diversified REIT had a net margin of 74.73% and a negative return on equity of 16.90%.

Medalist Diversified REIT Company Profile

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.