Medalist Diversified REIT, Inc. (MDRR) To Go Ex-Dividend on July 23rd

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) declared 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) annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Thursday, July 23rd.

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

Medalist Diversified REIT Stock Up 0.0%

Shares of NASDAQ MDRR opened at $11.61 on Tuesday. The stock has a market cap of $18.92 million, a P/E ratio of 3.09 and a beta of 0.57. The firm has a 50 day moving average price of $11.50 and a 200 day moving average price of $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. Medalist Diversified REIT has a 52-week low of $9.47 and a 52-week high of $14.52.

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

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.