Medalist Diversified REIT, Inc. (MDRR) to Issue Quarterly Dividend of $0.07 on January 23rd

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Friday, January 3rd,Wall Street Journal reports. Investors of record on Monday, January 20th will be given a dividend of 0.065 per share on Thursday, January 23rd. This represents a $0.26 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Friday, January 17th. This is an increase from Medalist Diversified REIT’s previous quarterly dividend of $0.06.

Medalist Diversified REIT has decreased its dividend payment by an average of 35.7% per year over the last three years.

Medalist Diversified REIT Stock Up 1.3 %

NASDAQ MDRR opened at $12.50 on Wednesday. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.01 and a current ratio of 4.01. The company has a 50-day simple moving average of $12.67. The company has a market capitalization of $13.94 million, a PE ratio of -56.82 and a beta of 0.71. Medalist Diversified REIT has a twelve month low of $9.53 and a twelve month high of $15.00.

Insider Activity

In other news, insider Benjamin Ore bought 8,000 shares of the business’s stock in a transaction dated Friday, December 13th. The stock was bought at an average price of $12.50 per share, for a total transaction of $100,000.00. Following the completion of the purchase, the insider now owns 12,500 shares of the company’s stock, valued at approximately $156,250. The trade was a 177.78 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Frank Kavanaugh purchased 20,917 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The shares were acquired at an average cost of $12.29 per share, with a total value of $257,069.93. Following the completion of the acquisition, the chief executive officer now directly owns 228,500 shares in the company, valued at approximately $2,808,265. This represents a 10.08 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 43,188 shares of company stock worth $533,987. Corporate insiders own 56.10% of the company’s stock.

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.