Dream Hard Asset Alternatives Trust (TSE:DRA.UN) Announces Monthly Dividend of $0.03

Dream Hard Asset Alternatives Trust (TSE:DRA.UN) announced a monthly dividend on Friday, August 30th, TickerTech reports. Shareholders of record on Monday, September 16th will be paid a dividend of 0.0333 per share on Monday, September 16th. This represents a $0.40 annualized dividend and a dividend yield of 5.22%. The ex-dividend date is Friday, August 30th.

Shares of Dream Hard Asset Alternatives Trust stock traded up C$0.08 on Thursday, hitting C$7.65. 50,396 shares of the company’s stock traded hands, compared to its average volume of 41,269. The firm’s 50-day moving average price is C$7.68 and its two-hundred day moving average price is C$7.38. The stock has a market capitalization of $553.47 million and a PE ratio of 32.83. Dream Hard Asset Alternatives Trust has a one year low of C$5.90 and a one year high of C$7.82. The company has a debt-to-equity ratio of 20.94, a current ratio of 1.92 and a quick ratio of 0.25.

In other news, Senior Officer Dream Asset Management Corporation purchased 4,300 shares of the firm’s stock in a transaction dated Wednesday, June 12th. The stock was bought at an average price of C$7.50 per share, with a total value of C$32,250.00. Following the acquisition, the insider now directly owns 4,566,994 shares of the company’s stock, valued at C$34,252,455. Also, Director James George Eaton sold 5,421 shares of the company’s stock in a transaction on Wednesday, July 3rd. The stock was sold at an average price of C$7.67, for a total transaction of C$41,579.07. Following the completion of the transaction, the director now directly owns 7,918 shares of the company’s stock, valued at C$60,731.06. Insiders bought a total of 421,800 shares of company stock valued at $3,258,809 in the last three months.

Separately, Echelon Wealth Partners reissued a “buy” rating and issued a C$8.00 price target on shares of Dream Hard Asset Alternatives Trust in a report on Sunday, August 11th.

About Dream Hard Asset Alternatives Trust

Dream Hard Asset Alternatives Trust specializes in hard asset alternative investments including real estate, real estate lending and infrastructure, including renewable power.

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Dividend History for Dream Hard Asset Alternatives Trust (TSE:DRA.UN)

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