MRG.UN dividend yield – Morguard North American Residential Real Estate Investment Trust Announces 0.06 Cash Dividend
May 29, 2023
Dividends Yield
Morguard North American ($TSX:MRG.UN) Residential Real Estate Investment Trust (MNRREIT) recently announced a 0.06 cash dividend on May 26 2023. This makes it an attractive option for dividend-seeking investors, with an average dividend yield of 4.1% over the last three years. In 2021, 2022, and 2023, MNRREIT has issued an annual dividend per share of 0.71, 0.7, and 0.7 Canadian Dollar respectively. The ex-dividend date for the 0.06 cash dividend is May 30 2023. MNRREIT has a long track record of consistent dividend payments, making it a reliable and profitable investment option. The trust’s mission is to provide investors with a consistent income stream and capital appreciation through investing in geographically diversified real estate investments.
MNRREIT’s dividend policy is designed to provide shareholders with attractive returns that compare favorably to other real estate investment trusts in North America. The trust is committed to increasing its dividend per share on an annual basis, subject to satisfactory operating results and market conditions. This ensures investors can benefit from regular income and potentially capital gains in the long run. If you’re looking for a reliable dividend stock, MNRREIT is a great choice. With its consistent performance, potential for capital gains, and attractive dividend yields, MNRREIT is an excellent investment option worth considering.
Stock Price
The stock opened at CA$16.8 and closed at CA$17.0, which was a 0.7% increase from the prior closing price of CA$16.8. This indicates a growing confidence in the company’s ability to generate returns for investors. The dividend is expected to be paid on or before April 30th, 2021.
This is great news for investors in the trust, as it shows that the company has the confidence to offer additional returns to shareholders. This dividend is a sign of stability and confidence in the trust’s ability to generate returns in the long-term. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for MRG.UN. More…
| Total Revenues | Net Income | Net Margin |
| 292.88 | 86.35 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MRG.UN. More…
| Operations | Investing | Financing |
| 80.55 | -176.86 | 85.68 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for MRG.UN. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 4.11k | 2.23k | 44.83 |
Key Ratios Snapshot
Some of the financial key ratios for MRG.UN are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| – | – | 45.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
We at GoodWhale have analyzed the wellbeing of MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST. Investors who are looking for steady and constant income flows would find this company attractive, as it has a healthy cash flow and pays out consistent dividends on a regular basis. Moreover, those who seek to diversify their portfolio by investing in real estate would also find this company attractive due to its diverse portfolio of investment opportunities. More…
Peers
The company competes with Dream Residential REIT, BSR Real Estate Investment Trust, Independence Realty Trust Inc, and other companies in the real estate investment trust industry.
– Dream Residential REIT ($TSX:DRR.U)
BSR Real Estate Investment Trust is a Canadian real estate investment trust that owns, develops, and manages a portfolio of properties in the United States. The company’s portfolio includes office, retail, and industrial properties. As of 2021, the company’s portfolio consisted of 49 properties totaling 8.1 million square feet of gross leasable area.
– BSR Real Estate Investment Trust ($TSX:HOM.U)
Independence Realty Trust is a self-managed real estate investment trust that owns, operates, and invests in multifamily residential properties. The company’s portfolio consists of approximately 9,600 units in 36 properties, all located in the United States.
Summary
MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST is an attractive choice for dividend investors, boasting an appealing average dividend yield of 4.1% over the past 3 years. In 2021, 2022, and 2023, the company has issued annual dividends per share of 0.71, 0.7, and 0.7 CAD respectively, indicating a consistent commitment to shareholders. Analysts have generally given the stock a favorable rating due to its strong financial performance and long-term growth potential in the real estate market.
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