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City Office REIT (NYSE:CIO) announced a quarterly dividend on Monday, May 12th, reports. Shareholders of record on Thursday, July 3rd will be paid a dividend of 0.183 per share on Thursday, July 17th. This represents a $0.73 annualized dividend and a dividend yield of 5.87%.

On a related note, analysts at Oppenheimer initiated coverage on shares of City Office REIT in a research note on Monday. They set an “outperform” rating and a $15.00 price target on the stock.

City Office REIT (NYSE:CIO) opened at 12.46 on Monday. City Office REIT has a 52 week low of $12.25 and a 52 week high of $12.60. The stock has a 50-day moving average of $12.4 and a 200-day moving average of $12.4. The company’s market cap is $99.8 million.

City Office REIT, Inc is formed to acquire, own and operate office properties located within its specified target markets in the United States.

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