Slate Office REIT (SOT.UN) Declares Monthly Dividend of $0.06

Slate Office REIT (TSE:SOT.UN) announced a monthly dividend on Thursday, September 27th, TickerTech reports. Shareholders of record on Monday, October 15th will be given a dividend of 0.0625 per share on Monday, October 15th. This represents a $0.75 annualized dividend and a dividend yield of 9.36%. The ex-dividend date of this dividend is Thursday, September 27th.

Shares of TSE:SOT.UN traded down C$0.04 during trading on Wednesday, hitting C$8.01. 172,303 shares of the company were exchanged, compared to its average volume of 219,817. Slate Office REIT has a 52-week low of C$7.48 and a 52-week high of C$8.42.

A number of brokerages recently issued reports on SOT.UN. National Bank Financial increased their price objective on Slate Office REIT from C$7.75 to C$8.00 and gave the stock a “sector perform” rating in a research report on Wednesday, August 8th. TD Securities lowered their price objective on Slate Office REIT from C$9.00 to C$8.50 and set a “buy” rating on the stock in a research report on Wednesday, August 8th. CIBC increased their price objective on Slate Office REIT from C$8.00 to C$8.25 in a research report on Wednesday, August 8th. Finally, Canaccord Genuity lowered their price objective on Slate Office REIT from C$8.40 to C$8.00 in a research report on Tuesday, July 3rd.

Slate Office REIT Company Profile

Slate Office REIT, formerly FAM Real Estate Investment Trust, is a Canada-based open-ended investment trust. The Trust focuses on acquiring, owning and leasing a portfolio of diversified revenue-producing commercial real estate properties in Canada with an emphasis on office properties. The Trust has a portfolio that spans approximately four million square feet (sq.ft.) of gross leasable area (GLA) and consists of over 30 properties located across Canada.

Further Reading: Understanding Analyst Recommendations

Dividend History for Slate Office REIT (TSE:SOT.UN)

Receive News & Ratings for Slate Office REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Slate Office REIT and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply