Medalist Diversified REIT, Inc. (NASDAQ:MDRR) Plans Quarterly Dividend of $0.07

Medalist Diversified REIT, Inc. (NASDAQ:MDRR) announced a quarterly dividend on Wednesday, January 8th,Wall Street Journal reports. Investors 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 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date is Friday, January 17th. This is a positive change 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 Price Performance

Shares of MDRR traded up $0.09 during mid-day trading on Wednesday, reaching $12.98. 143 shares of the company’s stock traded hands, compared to its average volume of 1,511. The company has a debt-to-equity ratio of 3.05, a quick ratio of 4.01 and a current ratio of 4.01. The firm’s 50-day moving average is $12.62. Medalist Diversified REIT has a 12 month low of $9.53 and a 12 month high of $15.00. The stock has a market capitalization of $14.47 million, a PE ratio of -59.00 and a beta of 0.71.

Insider Buying and Selling at Medalist Diversified REIT

In related news, CEO Frank Kavanaugh bought 20,917 shares of Medalist Diversified REIT stock in a transaction dated Friday, November 15th. The shares were acquired at an average cost of $12.29 per share, with a total value of $257,069.93. Following the completion of the transaction, the chief executive officer now owns 228,500 shares in the company, valued at $2,808,265. The trade was a 10.08 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CFO Charles Brent Jr. Winn purchased 6,000 shares of the firm’s stock in a transaction dated Friday, December 13th. The shares were bought at an average cost of $12.50 per share, with a total value of $75,000.00. Following the purchase, the chief financial officer now directly owns 44,424 shares of the company’s stock, valued at approximately $555,300. This represents a 15.62 % increase in their position. The disclosure for this purchase can be found here. Insiders have acquired 43,188 shares of company stock valued at $533,987 in the last quarter. 56.10% of the stock is owned by 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.