CIM Commercial Trust Corporation (CMCT) to Issue $0.13 Quarterly Dividend
CIM Commercial Trust Corporation (NASDAQ:CMCT) declared a quarterly dividend on Wednesday, December 6th, NASDAQ reports. Investors of record on Thursday, December 21st will be given a dividend of 0.125 per share by the real estate investment trust on Thursday, December 28th. This represents a $0.50 annualized dividend and a yield of 2.54%. The ex-dividend date of this dividend is Wednesday, December 20th.
CIM Commercial Trust (NASDAQ:CMCT) opened at $19.70 on Friday. CIM Commercial Trust has a twelve month low of $15.10 and a twelve month high of $20.45. The firm has a market cap of $1,143.05, a PE ratio of 164.58 and a beta of 0.15. The company has a current ratio of 9.09, a quick ratio of 9.09 and a debt-to-equity ratio of 1.10.
A hedge fund recently raised its stake in CIM Commercial Trust stock. Vanguard Group Inc. raised its stake in CIM Commercial Trust Corporation (NASDAQ:CMCT) by 1.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 114,692 shares of the real estate investment trust’s stock after acquiring an additional 2,184 shares during the quarter. Vanguard Group Inc. owned approximately 0.14% of CIM Commercial Trust worth $1,824,000 as of its most recent filing with the Securities & Exchange Commission. 1.14% of the stock is owned by institutional investors.
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About CIM Commercial Trust
CIM Commercial Trust Corporation, together with its subsidiaries, primarily invests in, owns, and operates Class A and office investments in urban communities throughout the United States. These communities are located in areas that include traditional downtown areas and suburban main streets. The Company’s segments are office, hotel, multifamily and lending.
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