Slate Grocery REIT announced a dividend on November 26, 2023, confirming that stockholders of record on December 1 will receive a payment of $0.072 per share on December 15. This dividend reflects an impressive yield of 798.0%, marking a significant event for investors in the real estate investment trust.
The ex-dividend date is set for November 28, 2023, meaning that shares must be purchased before this date to qualify for the upcoming dividend. Investors often watch these dates closely, as they can influence trading behavior and stock prices.
On the trading front, shares of Slate Grocery REIT experienced a slight decline of 0.7% on the announcement day, closing at $10.75. The trading volume reached 8,909 shares, which is below the average volume of 20,688 shares. Over the past year, the stock has seen a low of $8.75 and a high of $11.19, demonstrating some volatility in its performance.
In terms of moving averages, the company’s 50-day simple moving average stands at $10.57, while the 200-day simple moving average is at $10.52. These figures suggest a relatively stable price trend over the medium to long term, which may appeal to investors looking for steady returns.
Investors interested in following Slate Grocery REIT and receiving regular updates can subscribe to daily news summaries and analyst ratings through services like MarketBeat.com, which provides comprehensive coverage on real estate investment trusts and related companies.
As the ex-dividend date approaches, market participants will likely keep a close eye on how this announcement affects share price movements and investor sentiment in the coming weeks.
