RMR Real Estate Income Fund (NYSEAMERICAN:RIF) announced a quarterly dividend on Monday, March 12th, Wall Street Journal reports. Shareholders of record on Monday, March 19th will be given a dividend of 0.33 per share on Thursday, March 29th. This represents a $1.32 dividend on an annualized basis and a yield of 7.79%. The ex-dividend date of this dividend is Friday, March 16th.
RMR Real Estate Income Fund (NYSEAMERICAN:RIF) traded down $0.02 during trading hours on Monday, reaching $16.95. 37,922 shares of the company’s stock were exchanged, compared to its average volume of 57,611. RMR Real Estate Income Fund has a twelve month low of $16.10 and a twelve month high of $22.25.
RMR Real Estate Income Fund Company Profile
RMR Real Estate Income Fund (the Fund) is a non-diversified closed-end management investment company. The Fund’s primary investment objective is to earn and pay a high level of current income to its common shareholders. The Fund’s secondary investment objective is capital appreciation. It pursues its investment objectives by investing in securities issued by real estate companies, including real estate investment trusts (REITs).
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