PMC Commercial Trust (CMCT) Announces Quarterly Dividend of $0.22
PMC Commercial Trust (NASDAQ:CMCT) announced a quarterly dividend on Thursday, June 12th, StockRatingsNetwork.com reports. Shareholders of record on Monday, June 23rd will be paid a dividend of 0.2188 per share on Friday, June 27th. This represents a $0.88 annualized dividend and a dividend yield of 3.78%.
PMC Commercial Trust (NASDAQ:CMCT) traded up 1.45% during mid-day trading on Thursday, hitting $23.16. 13,614 shares of the company’s stock traded hands. PMC Commercial Trust has a one year low of $21.45 and a one year high of $51.20. The stock has a 50-day moving average of $22.79 and a 200-day moving average of $36.62. The company has a market cap of $2.260 billion and a price-to-earnings ratio of 38.56.
In other PMC Commercial Trust news, Director Richard S. Ressler purchased 7,200 shares of the stock in a transaction dated Wednesday, June 11th. The shares were purchased at an average cost of $22.96 per share, with a total value of $165,312.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link.
CIM Commerical Trust Corp, formerly PMC Commercial Trust, together with its wholly owned subsidiaries is a real estate investment trust (NASDAQ:CMCT) that primarily originates loans to small businesses collateralized by first liens on the real estate of the related business.
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