Allied Properties Real Estate Investment Trust Announces Monthly Dividend of $0.15 (TSE:AP)

Allied Properties Real Estate Investment Trust (TSE:AP) declared a monthly dividend on Tuesday, October 15th, Zacks reports. Investors of record on Thursday, October 31st will be paid a dividend of 0.15 per share on Friday, November 15th. This represents a $1.80 dividend on an annualized basis and a yield of ∞. The ex-dividend date is Thursday, October 31st.

Allied Properties Real Estate Investment Trust Stock Performance

Allied Properties Real Estate Investment Trust (TSE:AP) last posted its earnings results on Tuesday, July 30th. The company reported C$0.20 EPS for the quarter, missing the consensus estimate of C$0.56 by C($0.36). The company had revenue of C$146.75 million during the quarter.

Wall Street Analyst Weigh In

Separately, National Bank Financial lowered Allied Properties Real Estate Investment Trust from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, July 17th.

About Allied Properties Real Estate Investment Trust

Ampco-Pittsburgh Corporation manufactures and sells highly engineered, high-performance specialty metal products and customized equipment utilized by industry throughout the world. Through its operating subsidiary, Union Electric Steel Corporation, it is a leading producer of forged and cast rolls for the global steel and aluminum industry.