Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Raises Dividend to $0.07 Per Share

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Friday, April 4th, RTT News reports. Shareholders of record on Thursday, April 17th will be given a dividend of 0.0675 per share on Tuesday, April 22nd. This represents a $0.27 dividend on an annualized basis and a yield of 2.13%. This is a 3.8% increase from Medalist Diversified REIT’s previous quarterly dividend of $0.07.

Medalist Diversified REIT has decreased its dividend by an average of 40.3% per year over the last three years.

Medalist Diversified REIT Trading Down 4.1 %

NASDAQ MDRR opened at $12.65 on Friday. The firm’s fifty day moving average price is $12.69 and its 200 day moving average price is $12.55. Medalist Diversified REIT has a 12 month low of $10.90 and a 12 month high of $15.00. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01. The company has a market capitalization of $17.24 million, a price-to-earnings ratio of -57.50 and a beta of 0.30.

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.