Allied Properties Real Estate Investment Trust (TSE:AP) Raises Dividend to $0.14 Per Share

Allied Properties Real Estate Investment Trust (TSE:AP) announced a monthly dividend on Wednesday, January 15th, Zacks reports. Investors of record on Friday, January 31st will be paid a dividend of 0.138 per share on Tuesday, February 18th. This represents a $1.66 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Thursday, January 30th. This is an increase from Allied Properties Real Estate Investment Trust’s previous monthly dividend of $0.13.

Allied Properties Real Estate Investment Trust (TSE:AP) last posted its quarterly earnings results on Wednesday, October 30th. The company reported C$1.04 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of C$0.57 by C$0.47. The company had revenue of C$128.24 million for the quarter.

Separately, Desjardins raised shares of Allied Properties Real Estate Investment Trust from a “hold” rating to a “buy” rating in a report on Friday, December 13th.

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Dividend History for Allied Properties Real Estate Investment Trust (TSE:AP)

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