Dream Global REIT (DRG.UN) to Issue Monthly Dividend of C$0.07 on October 15th

Dream Global REIT (TSE:DRG.UN) announced a monthly dividend on Wednesday, September 28th. Stockholders of record on Saturday, October 15th will be paid a dividend of 0.0667 per share on Saturday, October 15th. This represents a $0.80 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend is Wednesday, September 28th.

DRG.UN has been the subject of several research reports. TD Securities boosted their price target on shares of Dream Global REIT from C$10.00 to C$10.50 and gave the stock a “buy” rating in a research note on Monday, August 15th. Scotiabank restated a “sector perform” rating and issued a C$9.25 price target on shares of Dream Global REIT in a research note on Monday, August 15th. Finally, National Bank Financial restated an “outperform” rating and issued a C$9.75 price target on shares of Dream Global REIT in a research note on Monday, August 8th. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company. Dream Global REIT has an average rating of “Buy” and an average target price of C$9.60.

About Dream Global REIT

Dream Global REIT is an, open-ended real estate investment trust. The Company provides investors with the opportunity to invest in real estate exclusively outside of Canada. Its objectives are to manage its investments to provide cash flows through investments in commercial real estate located outside of Canada, building a diversified, growth-oriented portfolio of commercial properties, capitalizing on internal growth and seeking accretive acquisition opportunities in its target markets, growing the value of its assets and maximizing the long-term value of its units through the management of its assets and providing predictable and growing cash distributions per unit, on a tax-efficient basis.

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