Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Shares to Pay Quarterly Dividend of $0.07

Medalist Diversified REIT, Inc. (NASDAQ:MDRR – Get Free Report) declared a quarterly dividend on Tuesday, October 6th. Shareholders of record on Friday, October 16th will be given a dividend of $0.0675 per share on Friday, October 23rd. This represents a $0.27 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date of this dividend is Friday, October 16th.

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

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Medalist Diversified REIT Stock Performance

Shares of NASDAQ MDRR opened at $10.72 on Wednesday. The firm has a fifty day moving average price of $11.70 and a 200-day moving average price of $11.59. The company has a debt-to-equity ratio of 0.24, a current ratio of 35.77 and a quick ratio of 35.77. The stock has a market cap of $17.48 million, a PE ratio of 2.80 and a beta of 0.58. Medalist Diversified REIT has a 1 year low of $9.47 and a 1 year high of $14.52.

Medalist Diversified REIT (NASDAQ:MDRR – Get Free Report) last released its earnings results on Thursday, August 13th. The company reported ($0.26) earnings per share for the quarter, beating analysts’ consensus estimates of ($1.76) by $1.50. Medalist Diversified REIT had a net margin of 80.24% and a negative return on equity of 15.18%. The company had revenue of $1.81 million for the quarter, compared to analysts’ expectations of $3.00 million.

About Medalist Diversified REIT

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Medalist Diversified REIT, Inc is a real estate investment trust that acquires, owns and manages income-producing commercial properties. The company’s portfolio has included office, retail, industrial and multifamily real estate, with an emphasis on properties that may offer opportunities for operational improvement and value creation.

Medalist Diversified REIT has historically focused on the Mid-Atlantic and southeastern United States, particularly markets in Virginia and North Carolina.

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