MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) Announces $0.05 Quarterly Dividend

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR) declared a quarterly dividend on Monday, March 24th, Wall Street Journal reports. Shareholders of record on Monday, March 31st will be paid a dividend of 0.05 per share on Friday, April 25th. This represents a $0.20 annualized dividend and a yield of 12.90%. The ex-dividend date of this dividend is Monday, March 31st.

MacKenzie Realty Capital Stock Performance

Shares of MacKenzie Realty Capital stock traded down $0.09 on Monday, reaching $1.55. The company had a trading volume of 95,624 shares, compared to its average volume of 139,605. The business has a 50 day simple moving average of $2.11. MacKenzie Realty Capital has a 52-week low of $1.05 and a 52-week high of $6.07.

Insiders Place Their Bets

In other MacKenzie Realty Capital news, CEO Robert E. Dixon acquired 40,000 shares of the stock in a transaction dated Wednesday, March 5th. The stock was acquired at an average price of $1.85 per share, with a total value of $74,000.00. Following the completion of the purchase, the chief executive officer now owns 80,000 shares in the company, valued at $148,000. This trade represents a 100.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have bought 89,328 shares of company stock worth $186,108 over the last ninety days. Corporate insiders own 0.59% of the company’s stock.

About MacKenzie Realty Capital

MacKenzie Realty Capital Inc is a REIT which focused on investing in multifamily housing and office real estate properties located principally in the United States. MacKenzie Realty Capital Inc is based in ORINDA, Calif.