This adjusted payout equates to $1.08 annually, positioning the stock with an annual yield of approximately 12 percent based on Thursday’s closing price of $9.11. The trust confirmed that the dividend will be payable on July 28 to all stockholders of record as of June 23.
Adamas Trust Boosts Dividend Payout by 17 Percent
Investors in Adamas Trust are set for a pay increase as the real estate investment trust lifts its quarterly dividend to 27 cents a share. The move, marking a 17 percent hike from the previous 23-cent distribution, reflects a significant shift in capital allocation for the firm’s shareholders.
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