At today's closing price, the Dividend Yield is at an all time low of 4.5% I am wondering if anyone has heard if IGR is going to be raising their Dividend? I understand that by law, a REIT must give at least 85% of its profits back to it shareholders, so the question is are they making any money yet??? Perhaps commercial real estate is still quite soft.
I would like to see a yield of at least 6% or better.
Closing price of $8.47 with an annual dividend of .37 a share. doing the math: .37/8.47 comes out to .0436, which is the same at 4.36% which is the annual yield. This the SAME number as what Yahoo Finance is quoting on the IGR "summary" page.