RioCan Real Estate Investment Trust (REI) To Go Ex-Dividend on July 31st

RioCan Real Estate Investment Trust (TSE:REI) declared a monthly dividend on Monday, July 15th, Zacks reports. Investors of record on Wednesday, July 31st will be paid a dividend of 0.093 per share on Thursday, August 8th. This represents a $1.12 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Wednesday, July 31st.

RioCan Real Estate Investment Trust Price Performance

RioCan Real Estate Investment Trust has a 12-month low of C$10.88 and a 12-month high of C$17.17.

RioCan Real Estate Investment Trust (TSE:REI) last issued its quarterly earnings results on Tuesday, May 7th. The company reported C$0.43 EPS for the quarter, missing the consensus estimate of C$0.44 by C($0.01). The business had revenue of C$303.39 million for the quarter.

Wall Street Analyst Weigh In

Separately, Scotiabank lowered RioCan Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 14th.

RioCan Real Estate Investment Trust Company Profile

Ring Energy, Inc, an exploration and production company, engages in the acquisition, exploration, development, and production of oil and natural gas in Texas and New Mexico. As of December 31, 2021, the company’s proved reserves consisted of approximately 77.8 million barrel of oil equivalent. It also had interests in 18,882 net developed acres and 1,406 net undeveloped acres in Andrews and Gaines counties, Texas; 18,437 net developed acres in Culberson and Reeves counties, Texas; and 13,662 net developed acres and 11,993 net undeveloped acres in Yoakum, Runnels, and Coke Counties, Texas and Lea County, New Mexico.