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

Medalist Diversified REIT, Inc. (NASDAQ:MDRRGet Free Report) declared a quarterly dividend on Friday, January 3rd,Wall Street Journal reports. Shareholders of record on Monday, January 20th will be paid 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 a positive change 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 Performance

MDRR opened at $12.50 on Wednesday. The stock’s fifty day simple moving average is $12.67. The company has a quick ratio of 4.01, a current ratio of 4.01 and a debt-to-equity ratio of 3.05. The firm has a market cap of $13.94 million, a price-to-earnings ratio of -56.82 and a beta of 0.71. Medalist Diversified REIT has a 52 week low of $9.53 and a 52 week high of $15.00.

Insider Buying and Selling

In related news, CEO Frank Kavanaugh acquired 5,500 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average price of $12.35 per share, with a total value of $67,925.00. Following the completion of the transaction, the chief executive officer now directly owns 234,000 shares of the company’s stock, valued at approximately $2,889,900. The trade was a 2.41 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Charles Brent Jr. Winn acquired 6,000 shares of the business’s stock in a transaction that occurred on Friday, December 13th. The stock was bought at an average cost of $12.50 per share, for a total transaction of $75,000.00. Following the completion of the transaction, the chief financial officer now directly owns 44,424 shares in the company, valued at $555,300. This represents a 15.62 % increase in their position. The disclosure for this purchase can be found here. Insiders purchased a total of 43,188 shares of company stock valued at $533,987 over the last three months. Company insiders own 56.10% of the company’s stock.

About Medalist Diversified REIT

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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.

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Dividend History for Medalist Diversified REIT (NASDAQ:MDRR)

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