Medalist Diversified REIT, Inc. to Issue Quarterly Dividend of $0.07 (NASDAQ:MDRR)

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Thursday, December 18th. Shareholders of record on Thursday, January 8th will be paid a dividend of 0.0675 per share on Tuesday, January 13th. This represents a c) dividend on an annualized basis and a yield of 2.2%. The ex-dividend date is Thursday, January 8th.

Medalist Diversified REIT has decreased its dividend payment by an average of 0.5%annually over the last three years and has raised its dividend annually for the last 2 consecutive years.

Medalist Diversified REIT Price Performance

Shares of Medalist Diversified REIT stock opened at $12.29 on Tuesday. The company has a market capitalization of $13.64 million, a price-to-earnings ratio of -6.79 and a beta of 0.48. The company has a quick ratio of 2.29, a current ratio of 2.29 and a debt-to-equity ratio of 1.51. The stock’s 50-day simple moving average is $13.11 and its 200-day simple moving average is $12.50. Medalist Diversified REIT has a 52 week low of $9.55 and a 52 week high of $14.52.

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.