Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Declares $0.07 Quarterly Dividend

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) declared a quarterly dividend on Wednesday, April 1st, NASDAQ Dividends reports. Stockholders of record on Wednesday, April 15th will be given a dividend of 0.0675 per share on Tuesday, April 21st. This represents a c) annualized dividend and a dividend yield of 2.3%. The ex-dividend date is Wednesday, April 15th.

Medalist Diversified REIT has decreased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 2 years.

Medalist Diversified REIT Price Performance

Shares of NASDAQ:MDRR traded up $0.36 during midday trading on Friday, hitting $11.66. The company’s stock had a trading volume of 1,357 shares, compared to its average volume of 1,370. The company has a market cap of $16.67 million, a P/E ratio of -6.34 and a beta of 0.51. Medalist Diversified REIT has a 12-month low of $9.55 and a 12-month high of $14.52. The business’s 50 day simple moving average is $11.75 and its 200 day simple moving average is $12.67. The company has a debt-to-equity ratio of 1.36, a quick ratio of 4.47 and a current ratio of 4.47.

Medalist Diversified REIT (NASDAQ:MDRR) last announced its quarterly earnings data on Monday, March 2nd. The company reported ($0.43) earnings per share (EPS) for the quarter. The business had revenue of $2.82 million for the quarter. Medalist Diversified REIT had a negative net margin of 22.37% and a negative return on equity of 9.28%.

About Medalist Diversified REIT

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.