Palmetto Real Estate Trust Declares Quarterly Dividend of $0.13 (OTC:PTTTS)

Palmetto Real Estate Trust (OTC:PTTTS) announced a quarterly dividend on Wednesday, April 10th, NASDAQ reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.13 per share on Wednesday, May 15th. This represents a $0.52 annualized dividend and a yield of 6.93%. The ex-dividend date of this dividend is Monday, April 29th.

Palmetto Real Estate Trust Price Performance

Shares of PTTTS opened at $7.50 on Friday. Palmetto Real Estate Trust has a 52-week low of $7.50 and a 52-week high of $8.00. The firm’s fifty day moving average is $7.44 and its two-hundred day moving average is $7.34.

Palmetto Real Estate Trust Company Profile

Palmetto Real Estate Trust has been organized as a qualified real estate investment trust under the Internal Revenue Code and the applicable state laws. The primary business of the Trust is the ownership, development and rental of various properties throughout South Carolina. A substantial percentage of revenue is derived from tenants in one shopping center.