RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Shares Down 1.5% – What’s Next?

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF)’s stock price was down 1.5% during mid-day trading on Wednesday . The company traded as low as $12.14 and last traded at $12.31. Approximately 210,637 shares were traded during trading, an increase of 223% from the average daily volume of 65,308 shares. The stock had previously closed at $12.49.

RioCan Real Estate Investment Trust Price Performance

The firm has a 50-day moving average price of $13.04 and a 200 day moving average price of $13.55.

RioCan Real Estate Investment Trust Increases Dividend

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

RioCan Real Estate Investment Trust Company Profile

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.