Regency Affiliates, Inc. to Issue Quarterly Dividend of $0.08 (OTCMKTS:RAFI)

Regency Affiliates, Inc. (OTCMKTS:RAFI) announced a quarterly dividend on Tuesday, March 18th, NASDAQ Dividends reports. Investors of record on Monday, March 31st will be paid a dividend of 0.078 per share on Monday, April 7th. This represents a $0.31 dividend on an annualized basis and a yield of 7.34%. The ex-dividend date is Monday, March 31st.

Regency Affiliates Stock Performance

RAFI traded down $0.34 during midday trading on Thursday, reaching $4.25. 900 shares of the company’s stock were exchanged, compared to its average volume of 1,179. Regency Affiliates has a 1-year low of $4.10 and a 1-year high of $5.25. The business’s 50-day moving average price is $4.65 and its 200 day moving average price is $4.65.

About Regency Affiliates

Regency Affiliates, Inc, through its interest in MESC Capital, LLC, owns an on-site energy facility that supplies approximately 61 megawatts of steam and electricity to a Kimberly-Clark tissue mill in Mobile, Alabama. It also owns and operates 34.3 acres of land and rental property of approximately 717,000 square feet comprising a 2-story office building and a connected 6-story office tower in Woodlawn, Maryland through a limited partnership interest.