Summit Industrial Income REIT (SMU) Declares Monthly Dividend of $0.04

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Summit Industrial Income REIT (TSE:SMU) announced a monthly dividend on Friday, June 15th, Zacks reports. Stockholders of record on Saturday, June 30th will be given a dividend of 0.043 per share on Friday, July 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date of this dividend is Thursday, June 28th.

Summit Industrial Income REIT (TSE:SMU) last released its earnings results on Tuesday, May 8th. The company reported C$0.40 earnings per share for the quarter, topping analysts’ consensus estimates of C$0.15 by C$0.25. The firm had revenue of C$21.41 million for the quarter.

Separately, Desjardins restated a “hold” rating on shares of Summit Industrial Income REIT in a research report on Friday, June 15th.

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