RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Trading Down 1.5% – Here’s What Happened

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)’s share price fell 1.5% during trading on Wednesday . The stock traded as low as $12.14 and last traded at $12.31. 210,637 shares traded hands during trading, an increase of 223% from the average session volume of 65,308 shares. The stock had previously closed at $12.49.

RioCan Real Estate Investment Trust Stock Performance

The stock’s 50-day moving average is $13.06 and its 200-day moving average is $13.56.

RioCan Real Estate Investment Trust Increases Dividend

The business also recently announced a dividend, which was paid on Friday, March 7th. Stockholders of record on Monday, March 3rd were issued a $0.0679 dividend. This represents a dividend yield of 5.84%. The ex-dividend date was Friday, February 28th. This is a positive change from RioCan Real Estate Investment Trust’s previous dividend of $0.06. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) is currently 57.26%.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.