Medalist Diversified REIT (MDRR) Declares $0.125 Quarterly Dividend; 12.8% Yield

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Medalist Diversified REIT Announces Cash Dividend of $0.125 Per Share

November 29, 2019 1:20 PM EST

RICHMOND, Va.--(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 value-add commercial real estate in the Southeast region of the U.S., today announced that its Board of Directors has authorized and the Company has declared a dividend for the 4th quarter of 2019, on its common stock (the Common Stock) in the amount of $0.125 per share (the Dividend).

The Q4 2019 Dividend will be payable in cash on March 10, 2020 to holders of record of the Common Stock as of February 11,... More