MRG.UN dividend yield – Morguard North American Residential Real Estate Investment Trust Declares $0.06 Cash Dividend
April 15, 2023
Dividends Yield
On April 14, 2023, Morguard North American ($TSX:MRG.UN) Residential Real Estate Investment Trust declared a cash dividend of $0.06 per share. This marks the third consecutive year that the company has issued dividends, with the total annual dividend per share amounting to CAD 0.7 and a yield of 4.04%. The ex-dividend date for 2023 is April 27. The company has demonstrated consistently strong performance over the past three years, paying out a dividend of 0.7 CAD each year.
This gives investors a reliable stream of income from their investment in the company, with a yield of 4.04%. The recent declaration of a cash dividend of $0.06 per share further reinforces this investment’s potential as a sound option for anyone interested in dividend stocks.
Share Price
This dividend is part of MORGUARD’s strategy to increase shareholder value and strengthen their portfolio of high-quality residential real estate investments across North America. Through the declaration of this dividend, MORGUARD has demonstrated its commitment to enhancing shareholder value and growing its portfolio of real estate investments. This dividend is an attractive way for MORGUARD’s investors to benefit from their investments in the trust and provides a source of income that is relatively secure compared to other investment types.
With such a strong focus on growing shareholder value and increasing their portfolio of residential real estate investments, MORGUARD has become a leader in the North American real estate market. As they continue to invest in quality properties and distribute regular dividends, investors can rest assured that their investments are secure and will continue to perform well in the future. 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 |
| 278.49 | 219.28 | – |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for MRG.UN. More…
| Operations | Investing | Financing |
| 75.17 | -11.06 | -78.88 |
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 |
| 3.86k | 2.08k | 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 |
| – | – | 47.3% |
| FCF Margin | ROE | ROA |
| – | – | – |
Analysis
At GoodWhale, we have conducted an analysis of MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST’s financials. Based on our Risk Rating, we consider this a low risk investment in terms of financial and business aspects. However, we have detected 1 risk warnings in their balance sheet. If you would like to take a closer look at these risk warnings and learn more about MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST, please register on goodwhale.com. We assure you that you will find our insights and analysis of the company extremely useful in making the right investment decision. 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 a great option for investors looking to earn a reliable passive income stream. For the past three years, the company has paid a dividend of 0.7 CAD per share, yielding 4.04%. The ex-dividend date for 2023 is April 27, offering investors the opportunity to capitalize on this attractive dividend. This provides investors with the security of a diversified real estate portfolio and the potential for capital appreciation.
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