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Morguard Real Estate Inv. (TSE:MRT.UN) announced a Monthly dividend on Wednesday, January 29th, American Banking News reports. Stockholders of record on Friday, February 14th will be paid a dividend of 0.08 per share on Friday, February 14th. This represents a dividend yield of 5.97%. The ex-dividend date is Wednesday, January 29th.

On a related note, analysts at CIBC reiterated a “sector perform” rating on shares of Morguard Real Estate Inv. in a research note to investors on Friday, November 8th. They now have a C$19.00 price target on the stock.

Morguard Real Estate Investment Trust (TSE:MRT) is an unincorporated close-ended real estate investment trust.

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