December 30, 2024 - 01:39
InterRent Real Estate Investment Trust has revealed its plans to issue a monthly dividend of $0.0331 per share, effective January 15th. This announcement marks a notable increase from the prior monthly dividend of $0.03. Shareholders on record as of January 15th will be eligible to receive this dividend, which translates to an annualized figure of $0.40.
The ex-dividend date is set for December 31st, indicating that investors must hold shares prior to this date to qualify for the upcoming payment. With a yield of 3.94%, this dividend reflects the trust's ongoing commitment to providing returns to its investors. The decision to raise the dividend underscores the trust's positive financial performance and its strategy to enhance shareholder value in a competitive market. Investors are encouraged to stay informed about future announcements as the trust continues to navigate the real estate landscape.
