Medalist Diversified REIT, Inc. Announces Dividend of $0.05 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock
July 05 2024 - 4:15PM
Business Wire
Medalist Diversified REIT (NASDAQ: MDRR) (the "Company"
or "Medalist"), a Virginia-based real estate investment trust that
specializes in acquiring, owning and managing commercial real
estate in the Southeast region of the U.S., announced that its
Board of Directors has authorized and the Company has declared a
quarterly dividend on its common stock (the "Common Stock") in the
amount of $0.05 per share (the "Dividend"). The Dividend will be
payable in cash on July 26, 2024 to holders of record of the Common
Stock as of July 23, 2024.
The Board of Directors has also authorized and the Company has
declared a quarterly dividend on its 8.0% Series A Cumulative
Redeemable Preferred Stock (the "Series A Preferred Stock") in the
amount of $0.50 per share (the "Series A Dividend"). The Series A
Dividend will be payable in cash on July 26, 2024 to holders of
record of the Series A Preferred Stock as of July 23, 2024.
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Brent Winn Medalist Diversified REIT, Inc.
bwinn@medalistreit.com
Medalist Diversified REIT (NASDAQ:MDRR)
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