Palmetto Real Estate Trust (OTC:PTTTS) to Issue Quarterly Dividend of $0.13

Palmetto Real Estate Trust (OTC:PTTTS) declared a quarterly dividend on Wednesday, April 10th, NASDAQ reports. Investors of record on Tuesday, April 30th will be paid a dividend of 0.13 per share on Wednesday, May 15th. This represents a $0.52 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend is Monday, April 29th.

Palmetto Real Estate Trust Price Performance

Shares of OTC:PTTTS opened at $7.50 on Friday. The business’s 50-day moving average is $7.44 and its 200 day moving average is $7.34. Palmetto Real Estate Trust has a 1 year low of $7.50 and a 1 year high of $8.00.

About Palmetto Real Estate Trust

Palmetto Real Estate Trust has been organized as a qualified real estate investment trust under the Internal Revenue Code and the applicable state laws. The primary business of the Trust is the ownership, development and rental of various properties throughout South Carolina. A substantial percentage of revenue is derived from tenants in one shopping center.