MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) Announces $0.05 Quarterly Dividend

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) announced a quarterly dividend on Monday, March 24th, Wall Street Journal reports. Investors of record on Monday, March 31st will be given a dividend of 0.05 per share on Friday, April 25th. This represents a $0.20 annualized dividend and a yield of 12.90%. The ex-dividend date of this dividend is Monday, March 31st.

MacKenzie Realty Capital Stock Down 5.5 %

Shares of MKZR stock traded down $0.09 during mid-day trading on Monday, hitting $1.55. 95,624 shares of the stock were exchanged, compared to its average volume of 139,605. MacKenzie Realty Capital has a 52-week low of $1.05 and a 52-week high of $6.07. The stock’s fifty day moving average price is $2.11.

Insider Activity at MacKenzie Realty Capital

In other MacKenzie Realty Capital news, CEO Robert E. Dixon acquired 15,000 shares of the business’s stock in a transaction on Tuesday, January 21st. The stock was bought at an average price of $2.56 per share, for a total transaction of $38,400.00. Following the acquisition, the chief executive officer now owns 40,000 shares in the company, valued at approximately $102,400. The trade was a 60.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In the last ninety days, insiders bought 89,328 shares of company stock valued at $186,108. 0.59% of the stock is owned by insiders.

About MacKenzie Realty Capital

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.