Auto Prop Reit Declares Monthly Dividend of $0.07 (TSE:APR)

Auto Prop Reit (TSE:APR) announced a monthly dividend on Monday, July 15th, Zacks reports. Stockholders of record on Wednesday, July 31st will be given a dividend of 0.067 per share on Thursday, August 15th. This represents a $0.80 annualized dividend and a dividend yield of ∞. The ex-dividend date is Wednesday, July 31st.

Auto Prop Reit Stock Performance

Auto Prop Reit (TSE:APR) last issued its quarterly earnings results on Tuesday, May 14th. The company reported C$0.42 earnings per share for the quarter, topping the consensus estimate of C$0.25 by C$0.17. The business had revenue of C$23.41 million during the quarter.

About Auto Prop Reit

Automotive Properties REIT is an unincorporated, open-ended real estate investment trust focused on owning and acquiring primarily income-producing automotive dealership properties located in Canada. The REIT's portfolio currently consists of 64 income-producing commercial properties and one development property, representing approximately 2.5 million square feet of gross leasable area, in metropolitan markets across British Columbia, Alberta, Saskatchewan, Manitoba, Ontario and Québec.