RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Stock Price Up 1.8% – Here’s What Happened

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)’s stock price was up 1.8% during trading on Thursday . The stock traded as high as $13.99 and last traded at $13.99. Approximately 22,043 shares traded hands during trading, an increase of 257% from the average daily volume of 6,169 shares. The stock had previously closed at $13.7380.

RioCan Real Estate Investment Trust Stock Up 0.8%

The firm’s fifty day moving average price is $13.45 and its 200-day moving average price is $13.34.

RioCan Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 5th. Shareholders of record on Monday, December 1st were given a $0.0688 dividend. The ex-dividend date of this dividend was Friday, November 28th. This represents a dividend yield of 612.0%. RioCan Real Estate Investment Trust’s payout ratio is currently 57.26%.

RioCan Real Estate Investment Trust Company Profile

RioCan Real Estate Investment Trust, established in 1993 and headquartered in Toronto, Ontario, is one of Canada’s largest real estate investment trusts. Since its founding, the company has grown through strategic acquisitions and development projects to build a diversified portfolio focused on retail and mixed-use properties. Over the years, RioCan has adapted to shifting market dynamics by expanding its footprint in key urban centres and pursuing redevelopment opportunities that align with evolving consumer trends.

The Trust’s core business activities include the ownership, development and management of retail shopping centres, power centres and mixed-use urban projects across Canada.