Palmetto Real Estate Trust (PTTTS) to Issue Quarterly Dividend of $0.13 on May 15th

Posted by Donna Armstrong on Apr 27th, 2024

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

Palmetto Real Estate Trust Price Performance

PTTTS remained flat at $7.50 during trading on Friday. The business has a fifty day simple moving average of $7.44 and a 200-day simple moving average of $7.34. Palmetto Real Estate Trust has a 1-year low of $7.50 and a 1-year high of $8.00.

Palmetto Real Estate Trust Company Profile

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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.