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

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Stockholders 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 annualized dividend and a dividend yield of 2.00%. 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 by an average of 35.7% annually over the last three years.

Medalist Diversified REIT Price Performance

Shares of Medalist Diversified REIT stock opened at $12.99 on Thursday. 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 stock has a market cap of $14.48 million, a PE ratio of -59.05 and a beta of 0.71. The firm’s 50-day moving average price is $12.64. Medalist Diversified REIT has a 12 month low of $9.53 and a 12 month high of $15.00.

Insider Buying and Selling

In related news, CEO Frank Kavanaugh acquired 20,917 shares of the stock in a transaction dated Friday, November 15th. The stock was acquired at an average cost of $12.29 per share, with a total value of $257,069.93. Following the completion of the transaction, the chief executive officer now owns 228,500 shares in the company, valued at $2,808,265. This represents a 10.08 % increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Charles Brent Jr. Winn bought 6,000 shares of the company’s stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $12.50 per share, for a total transaction of $75,000.00. Following the acquisition, the chief financial officer now directly owns 44,424 shares of the company’s stock, valued at $555,300. The trade was a 15.62 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have acquired a total of 43,188 shares of company stock valued at $533,987 in the last ninety days. Company 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.