Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Announces $0.07 Quarterly Dividend

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Monday, July 13th. Investors of record on Thursday, July 23rd will be paid a dividend of 0.0675 per share on Thursday, July 30th. This represents a c) dividend on an annualized basis and a dividend yield of 2.3%. The ex-dividend date is Thursday, July 23rd.

Medalist Diversified REIT has decreased its dividend payment by an average of 0.3%per year over the last three years and has increased its dividend every year for the last 2 years.

Medalist Diversified REIT Trading Up 3.7%

MDRR opened at $11.62 on Tuesday. The firm has a market cap of $18.94 million, a price-to-earnings ratio of 3.10 and a beta of 0.57. Medalist Diversified REIT has a 52 week low of $9.47 and a 52 week high of $14.52. The business’s 50 day moving average is $11.48 and its two-hundred day moving average is $11.74. The company has a quick ratio of 19.71, a current ratio of 19.71 and a debt-to-equity ratio of 0.48.

Medalist Diversified REIT (NASDAQ:MDRR) last issued its quarterly earnings data on Wednesday, May 13th. The company reported ($1.90) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.76) by ($0.14). The firm had revenue of $2.16 million during the quarter, compared to analysts’ expectations of $3.00 million. Medalist Diversified REIT had a net margin of 74.73% and a negative return on equity of 16.90%.

About Medalist Diversified REIT

Medalist Diversified REIT Inc is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. The Company's strategy is to focus on commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions.