Medalist Diversified REIT, Inc. (MDRR) to Issue Quarterly Dividend of $0.07 on January 23rd

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) declared a quarterly dividend on Friday, January 3rd,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 2.08%. The ex-dividend date 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 payment by an average of 35.7% per year over the last three years.

Medalist Diversified REIT Stock Performance

NASDAQ MDRR opened at $12.50 on Wednesday. The company has a market capitalization of $13.94 million, a PE ratio of -56.82 and a beta of 0.71. The company has a debt-to-equity ratio of 3.05, a current ratio of 4.01 and a quick ratio of 4.01. The firm has a fifty day moving average of $12.67. Medalist Diversified REIT has a 1 year low of $9.53 and a 1 year high of $15.00.

Insider Buying and Selling at Medalist Diversified REIT

In related news, CFO Charles Brent Jr. Winn purchased 6,000 shares of the stock in a transaction dated Friday, December 13th. The shares were 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 in the company, valued at approximately $555,300. The trade was a 15.62 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Frank Kavanaugh acquired 20,917 shares of Medalist Diversified REIT stock in a transaction that occurred on Friday, November 15th. The shares were purchased at an average cost of $12.29 per share, with a total value of $257,069.93. Following the transaction, the chief executive officer now owns 228,500 shares of the company’s stock, valued at approximately $2,808,265. The trade was a 10.08 % increase in their position. The disclosure for this purchase can be found here. Insiders have bought a total of 43,188 shares of company stock valued at $533,987 in the last three months. 56.10% of the stock is currently owned by company insiders.

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.