RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Stock Price Down 1.6% – Here’s What Happened

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)’s share price dropped 1.6% during trading on Tuesday . The stock traded as low as $13.0935 and last traded at $13.0935. Approximately 5,133 shares changed hands during trading, a decline of 88% from the average daily volume of 42,768 shares. The stock had previously closed at $13.3050.

RioCan Real Estate Investment Trust Trading Down 1.6%

The company has a 50-day moving average of $13.56 and a 200 day moving average of $13.04.

RioCan Real Estate Investment Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Tuesday, October 7th. Investors of record on Tuesday, September 30th were given a dividend of $0.0699 per share. This represents a dividend yield of 600.0%. The ex-dividend date was Monday, September 29th. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) is 57.26%.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.