MRG.UN stock dividend – Morguard North American Residential Real Estate Investment Trust Declares 0.06 Cash Dividend

Dividends Yield

Morguard North American ($TSX:MRG.UN) Residential Real Estate Investment Trust (Morguard) has declared a 0.06 cash dividend on March 16, 2023. This dividend serves as a consistent source of income for Morguard investors, with the trust having issued an annual dividend of 0.7 CAD per share for the past three years. This gives investors an average dividend yield of 4.04%, making Morguard a great option for those looking to invest in a steady dividend stock. The ex-dividend date is set for March 30th, 2023, so investors who wish to partake in the dividend should purchase their Morguard shares before this date.

This is an excellent option for those looking for a reliable dividend stock that can provide a steady source of income. With the ex-dividend date set for March 30th, 2023, investors should purchase their Morguard shares before this date to partake in the dividend.

Stock Price

On Thursday, MORGUARD stock opened at CA$17.5 and closed at CA$17.6, up by 0.7% from prior closing price of 17.5. It seeks to provide unitholders with sustainable cash flow and profitable growth through the acquisition, ownership and management of a portfolio of quality rental residential real estate assets in various target markets across Canada and the United States. Live Quote…

About the Company

Income Snapshot

Below shows the total revenue, net income and net margin for MRG.UN. More…

Cash Flow Snapshot

Below shows the cash from operations, investing and financing for MRG.UN. More…

Balance Sheet Snapshot

Below shows the total assets, liabilities and book value per share for MRG.UN. More…

Key Ratios Snapshot

Some of the financial key ratios for MRG.UN are shown below. More…

Analysis – MRG.UN Intrinsic Stock Value

At GoodWhale, we specialize in analyzing the financials of public companies like MORGUARD NORTH AMERICAN RESIDENTIAL REAL ESTATE INVESTMENT TRUST. Currently, the stock is trading at CA$17.6, which is a fair price that is overvalued by 15.9%. 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 for a reliable income stream. Over the past three years, the company has been consistently paying dividends of 0.7 CAD per share, yielding an average dividend of 4.04%. The trust is an attractive investment due to its steady performance and attractive dividend yield. Investors should note that it may be prudent to diversify their investments across a range of sectors and assets in order to reduce risk.