Palmetto Real Estate Trust (OTC:PTTTS) Declares $0.13 Quarterly Dividend

Palmetto Real Estate Trust (OTC:PTTTS) announced a quarterly dividend on Wednesday, April 10th, NASDAQ reports. Investors of record on Tuesday, April 30th will be given a dividend of 0.13 per share on Wednesday, May 15th. This represents a $0.52 annualized dividend and a dividend yield of 6.93%. The ex-dividend date is Monday, April 29th.

Palmetto Real Estate Trust Stock Performance

Shares of PTTTS stock remained flat at $7.50 on Friday. Palmetto Real Estate Trust has a fifty-two week low of $7.50 and a fifty-two week high of $8.00. The stock’s 50 day moving average price is $7.44 and its 200-day moving average price is $7.34.

Palmetto Real Estate Trust Company Profile

Palmetto Real Estate Trust has been organized as a qualified real estate investment trust under the Internal Revenue Code and the applicable state laws. The primary business of the Trust is the ownership, development and rental of various properties throughout South Carolina. A substantial percentage of revenue is derived from tenants in one shopping center.