Edgefront Real Estate Investment Trust Announces Monthly Dividend of $0.05 (TSE:NXR)

Edgefront Real Estate Investment Trust (TSE:NXR) announced a monthly dividend on Thursday, July 18th, Zacks reports. Shareholders of record on Wednesday, July 31st will be given a dividend of 0.053 per share on Thursday, August 15th. This represents a $0.64 dividend on an annualized basis and a yield of ∞. The ex-dividend date of this dividend is Wednesday, July 31st.

Edgefront Real Estate Investment Trust Price Performance

Edgefront Real Estate Investment Trust (TSE:NXR) last posted its earnings results on Tuesday, May 14th. The company reported C$0.47 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of C$0.18 by C$0.29. The business had revenue of C$41.60 million during the quarter.

Analyst Ratings Changes

Separately, National Bank Financial upgraded shares of Edgefront Real Estate Investment Trust from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, July 17th.

Edgefront Real Estate Investment Trust Company Profile

Nuveen Select Tax-Free Income Portfolio 3 Fund’s primary objective is current income exempt from regular federal income tax, consistent with preservation of capital.

The Fund invests in municipal securities that are exempt from federal income taxes. The Fund invests at least 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.