Automotive Properties Real Est Invt TR (APR) to Issue Monthly Dividend of $0.07 on September 15th
Automotive Properties Real Est Invt TR (TSE:APR) announced a monthly dividend on Tuesday, August 15th, Zacks reports. Investors of record on Thursday, August 31st will be given a dividend of 0.067 per share on Friday, September 15th. This represents a $0.80 annualized dividend and a dividend yield of Infinity. The ex-dividend date is Tuesday, August 29th.
Separately, National Bank Financial reiterated an “outperform market weight” rating on shares of Automotive Properties Real Est Invt TR in a research note on Monday, May 8th.
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About Automotive Properties Real Est Invt TR
Automotive Properties Real Estate Investment Trust (the REIT) is an open-ended real estate investment trust. The objectives of the REIT are to provide Unitholders with stable, predictable and growing monthly cash distributions on a tax-efficient basis; enhance the value of the REIT’s assets in order to maximize long-term Unitholder value, and expand the REIT’s asset base while also increasing its Adjusted Funds From Operations (AFFO) per Unit, including through accretive acquisitions.
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