Dream Industrial Real Estate Invest Trst (DIR.UN) Plans $0.06 Monthly Dividend

Dream Industrial Real Estate Invest Trst (TSE:DIR.UN) declared a monthly dividend on Monday, October 30th, TickerTech reports. Investors of record on Wednesday, November 15th will be paid a dividend of 0.0583 per share on Wednesday, November 15th. This represents a $0.70 dividend on an annualized basis and a yield of Infinity. The ex-dividend date is Monday, October 30th.

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DIR.UN has been the subject of a number of research reports. Canaccord Genuity upgraded shares of Dream Industrial Real Estate Invest Trst from a “hold” rating to a “buy” rating and boosted their target price for the company from C$8.75 to C$10.00 in a research report on Tuesday, July 11th. Eight Capital boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$8.00 to C$9.00 and gave the company a “neutral” rating in a research report on Wednesday, July 26th. National Bank Financial boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$8.75 to C$9.25 and gave the company a “sector perform” rating in a research report on Monday, July 31st. CIBC boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$9.00 to C$9.50 in a research report on Thursday, August 10th. Finally, TD Securities boosted their target price on shares of Dream Industrial Real Estate Invest Trst from C$8.50 to C$9.00 and gave the company a “hold” rating in a research report on Thursday, August 10th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Dream Industrial Real Estate Invest Trst has an average rating of “Hold” and an average target price of C$9.33.

About Dream Industrial Real Estate Invest Trst

Dream Industrial Real Estate Investment Trust is an open-ended investment trust. The Trust’s objective is managing its business to provide growing cash flow and stable and sustainable returns, through adapting its strategy and tactics to changes in the real estate industry and the economy; building and maintaining a diversified, growth-oriented portfolio of light industrial properties in Canadian markets based on an established platform; providing predictable and sustainable cash distributions to unitholders while prudently managing its capital structure over time, and maintaining a REIT that satisfies the REIT exception under the specified investment flow-through (SIFT) legislation in order to provide certainty to unitholders with respect to taxation of distributions.

Dividend History for Dream Industrial Real Estate Invest Trst (TSE:DIR.UN)

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