RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) Stock Price Down 1.5% – Here’s Why

Shares of RioCan Real Estate Investment Trust (OTCMKTS:RIOCF) dropped 1.5% during mid-day trading on Wednesday . The company traded as low as $12.14 and last traded at $12.31. Approximately 210,637 shares traded hands during mid-day trading, an increase of 223% from the average daily volume of 65,308 shares. The stock had previously closed at $12.49.

RioCan Real Estate Investment Trust Stock Performance

The company has a 50-day moving average of $13.06 and a 200 day moving average of $13.56.

RioCan Real Estate Investment Trust Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 7th. Investors of record on Monday, March 3rd were given a dividend of $0.0679 per share. This represents a yield of 5.84%. This is a positive change from RioCan Real Estate Investment Trust’s previous dividend of $0.06. The ex-dividend date of this dividend was Friday, February 28th. RioCan Real Estate Investment Trust’s dividend payout ratio (DPR) is presently 57.26%.

About RioCan Real Estate Investment Trust

RioCan is one of Canada's largest real estate investment trusts. RioCan owns, manages and develops retail-focused, increasingly mixed-use properties located in prime, high-density transit-oriented areas where Canadians want to shop, live and work. As at December 31, 2023, our portfolio is comprised of 188 properties with an aggregate net leasable area of approximately 32.6 million square feet (at RioCan's interest) including office, residential rental and 9 development properties.