Medalist Diversified REIT, Inc. (NASDAQ:MDRRP) Announces Quarterly Dividend of $0.50

Medalist Diversified REIT, Inc. (NASDAQ:MDRRP) declared a quarterly dividend on Monday, April 8th, NASDAQ reports. Shareholders of record on Monday, April 22nd will be paid a dividend of 0.50 per share on Thursday, April 25th. This represents a $2.00 annualized dividend and a yield of 8.16%. The ex-dividend date of this dividend is Friday, April 19th.

Medalist Diversified REIT has raised its dividend payment by an average of 26.0% per year over the last three years.

Medalist Diversified REIT Price Performance

MDRRP opened at $24.51 on Thursday. Medalist Diversified REIT has a fifty-two week low of $9.60 and a fifty-two week high of $28.49. The business has a 50-day moving average of $24.29 and a 200-day moving average of $23.68.

Medalist Diversified REIT Company Profile

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.