Dream Unlimited Corp. (TSE:DRM – Get Free Report) reached a new 52-week high during mid-day trading on Monday after the company announced a dividend. The stock traded as high as C$30.30 and last traded at C$30.10, with a volume of 8715 shares changing hands. The stock had previously closed at C$29.92.
The newly announced dividend which will be paid on Monday, September 30th. Shareholders of record on Monday, September 30th will be issued a $0.15 dividend. The ex-dividend date is Friday, September 13th. This represents a $0.60 dividend on an annualized basis and a yield of 1.98%. Dream Unlimited’s payout ratio is -545.45%.
Analysts Set New Price Targets
Separately, TD Securities increased their price objective on shares of Dream Unlimited from C$33.00 to C$35.00 and gave the company a “buy” rating in a report on Wednesday, September 4th.
Dream Unlimited Stock Performance
The company has a market cap of C$1.23 billion, a price-to-earnings ratio of -275.73 and a beta of 1.35. The company has a current ratio of 1.45, a quick ratio of 0.67 and a debt-to-equity ratio of 129.72. The stock’s fifty day simple moving average is C$24.15 and its 200 day simple moving average is C$20.95.
Dream Unlimited (TSE:DRM – Get Free Report) last released its quarterly earnings data on Tuesday, August 13th. The company reported C$1.47 EPS for the quarter. The company had revenue of C$178.27 million during the quarter. Dream Unlimited had a negative net margin of 0.64% and a negative return on equity of 0.25%. As a group, analysts anticipate that Dream Unlimited Corp. will post 2.015625 earnings per share for the current year.
About Dream Unlimited
Dream Unlimited Corp. formerly known as Dundee Realty Corporation is a real estate investment firm. The firm provides real estate asset management and advisory services including sourcing, acquiring, managing, and developing commercial and residential real estate primarily in Western Canada. It invests in the real estate markets across the globe.
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