Consolidated-Tomoka Land Co. (CTO) Declares Dividend Increase – $0.05 Per Share
Consolidated-Tomoka Land Co. (NYSEMKT:CTO) announced a quarterly dividend on Thursday, July 20th, Zacks reports. Shareholders of record on Thursday, August 10th will be given a dividend of 0.05 per share by the financial services provider on Wednesday, August 30th. This represents a $0.20 annualized dividend and a dividend yield of 0.39%. The ex-dividend date of this dividend is Tuesday, August 8th. This is a boost from Consolidated-Tomoka Land’s previous quarterly dividend of $0.04.
Shares of Consolidated-Tomoka Land (NYSEMKT CTO) traded down 1.69% on Friday, hitting $56.00. 5,554 shares of the stock traded hands. The stock has a market cap of $316.46 million, a price-to-earnings ratio of 11.51 and a beta of 1.16. Consolidated-Tomoka Land has a one year low of $47.08 and a one year high of $58.28. The company’s 50 day moving average is $55.74 and its 200 day moving average is $54.42.
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About Consolidated-Tomoka Land
Consolidated-Tomoka Land Co is a real estate operating company. As of December 31, 2016, the Company owned and managed 31 commercial real estate properties in 10 states in the United States. Its segments include Income Properties, Commercial Loan Investments, Real Estate Operations, Golf Operations, and Agriculture and Other.
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