RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Shares Down 0.4% – What’s Next?

by · The Cerbat Gem

RioCan Real Estate Investment Trust (OTCMKTS:RIOCF – Get Free Report)’s share price dropped 0.4% during trading on Wednesday . The stock traded as low as $13.3775 and last traded at $13.4040. Approximately 1,071 shares were traded during trading, a decline of 97% from the average daily volume of 38,613 shares. The stock had previously closed at $13.46.

RioCan Real Estate Investment Trust Price Performance

The stock’s 50-day moving average price is $13.41 and its two-hundred day moving average price is $13.25.

RioCan Real Estate Investment Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, December 5th. Stockholders of record on Monday, December 1st were given a $0.0688 dividend. This represents a dividend yield of 612.0%. The ex-dividend date of this dividend was Friday, November 28th. RioCan Real Estate Investment Trust’s payout ratio is currently 57.26%.

RioCan Real Estate Investment Trust Company Profile

(Get Free Report)

RioCan Real Estate Investment Trust, established in 1993 and headquartered in Toronto, Ontario, is one of Canada’s largest real estate investment trusts. Since its founding, the company has grown through strategic acquisitions and development projects to build a diversified portfolio focused on retail and mixed-use properties. Over the years, RioCan has adapted to shifting market dynamics by expanding its footprint in key urban centres and pursuing redevelopment opportunities that align with evolving consumer trends.

The Trust’s core business activities include the ownership, development and management of retail shopping centres, power centres and mixed-use urban projects across Canada.

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