True North Commercial REIT (TSE:TNT.UN) Announces Monthly Dividend of $0.06

True North Commercial REIT (TSE:TNT.UN) announced a monthly dividend on Friday, May 29th, TickerTech Dividends reports. Shareholders of record on Monday, June 15th will be paid a dividend of 0.0575 per share on Monday, June 15th. This represents a c) annualized dividend and a yield of 8.3%. The ex-dividend date of this dividend is Friday, May 29th.

True North Commercial REIT Stock Performance

Shares of TSE:TNT.UN opened at C$8.35 on Wednesday. The company has a debt-to-equity ratio of 175.73, a current ratio of 0.14 and a quick ratio of 0.06. The business’s 50 day moving average price is C$8.24 and its 200-day moving average price is C$8.62. The firm has a market capitalization of C$117.46 million, a PE ratio of -3.60 and a beta of 1.06. True North Commercial REIT has a 1 year low of C$7.99 and a 1 year high of C$9.70.

True North Commercial REIT (TSE:TNT.UN) last issued its quarterly earnings results on Tuesday, May 12th. The company reported C$0.03 earnings per share (EPS) for the quarter. The firm had revenue of C$29.83 million for the quarter. True North Commercial REIT had a negative return on equity of 10.66% and a negative net margin of 38.96%.

True North Commercial REIT Company Profile

True North Commercial REIT is a Canadian-based open-ended Real estate investment trust company. It owns and acquires Canadian commercial real estate properties. Its objective is to maximize total returns to unitholders. Returns include a stable, reliable, and tax-efficient monthly cash distribution as well as long-term appreciation in the value of its units through the effective management of a portfolio of commercial properties. It has properties in Alberta, British Columbia, New Brunswick, Nova Scotia, and Ontario.