Dream Unlimited Corp. (DRM) to Issue Quarterly Dividend of $0.18 on March 31st

Dream Unlimited Corp. (TSE:DRM) declared a quarterly dividend on Friday, March 13th, TickerTech Dividends reports. Investors of record on Tuesday, March 31st will be paid a dividend of 0.175 per share on Tuesday, March 31st. This represents a c) annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Friday, March 13th. This is a 7.7% increase from Dream Unlimited’s previous quarterly dividend of $0.16.

Dream Unlimited Stock Down 0.6%

Shares of TSE:DRM traded down C$0.13 during mid-day trading on Wednesday, hitting C$20.57. 15,424 shares of the company traded hands, compared to its average volume of 39,012. The stock has a 50-day moving average price of C$20.30 and a two-hundred day moving average price of C$19.56. Dream Unlimited has a 12-month low of C$16.60 and a 12-month high of C$23.36. The stock has a market cap of C$858.88 million, a P/E ratio of -46.75 and a beta of 1.35. The company has a current ratio of 139.03, a quick ratio of 0.67 and a debt-to-equity ratio of 132.04.

Dream Unlimited (TSE:DRM) last issued its quarterly earnings data on Tuesday, February 24th. The company reported C$0.69 earnings per share for the quarter. Dream Unlimited had a negative return on equity of 1.28% and a negative net margin of 4.03%.The business had revenue of C$202.81 million for the quarter. On average, equities research analysts forecast that Dream Unlimited will post 1.9481391 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, TD Securities upped their price objective on shares of Dream Unlimited from C$28.00 to C$29.00 and gave the stock a “buy” rating in a research report on Wednesday, February 25th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of C$29.00.

Dream Unlimited Company Profile

DREAM Unlimited Corp is a real estate company. The company’s divisions include Asset management; Stabilized income generating assets; Urban development – Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.