{"id":747187,"date":"2023-04-12T16:33:13","date_gmt":"2023-04-12T20:33:13","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/medalist-diversified-reit-inc-announces-cash-dividend-of-0-01-per-share-on-its-common-stock-and-0-50-per-share-on-its-series-a-preferred-stock\/"},"modified":"2023-04-12T16:33:13","modified_gmt":"2023-04-12T20:33:13","slug":"medalist-diversified-reit-inc-announces-cash-dividend-of-0-01-per-share-on-its-common-stock-and-0-50-per-share-on-its-series-a-preferred-stock","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medalist-diversified-reit-inc-announces-cash-dividend-of-0-01-per-share-on-its-common-stock-and-0-50-per-share-on-its-series-a-preferred-stock\/","title":{"rendered":"Medalist Diversified REIT, Inc. Announces Cash Dividend of $0.01 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock"},"content":{"rendered":"

<\/p>\n

Medalist Diversified REIT, Inc. Announces Cash Dividend of $0.01 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock<\/b><\/p>\n

RICHMOND, Va.–(BUSINESS WIRE<\/a>)–
\nMedalist Diversified REIT, Inc. (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 today that its Board of Directors declared a quarterly cash dividend of $0.01 per share on the Company\u2019s common stock (the “Common Stock Dividend”). The Common Stock Dividend is payable in cash on April 28, 2023, to holders of record as of April 25, 2023.<\/p>\n

\nThe Board of Directors also declared a dividend of $0.50 per share on the Company\u2019s 8.0% Series A Cumulative Redeemable Preferred Stock (the “Series A Dividend”). The Series A Dividend is payable in cash on April 28, 2023, to holders of record as of April 25, 2023.<\/p>\n

About Medalist Diversified REIT<\/b><\/p>\n

\nMedalist Diversified REIT Inc. is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Mid-Atlantic and Southeast regions. The Company\u2019s strategy is to focus on value-add and opportunistic commercial real estate which is expected to provide an attractive balance of risk and returns. Medalist utilizes a rigorous, consistent and replicable process for sourcing and conducting due diligence of acquisitions. The Company seeks to maximize operating performance of current properties by utilizing a hands-on approach to property management while monitoring the middle market real estate markets in the southeast for acquisition opportunities and disposal of properties as considered appropriate. For more information on Medalist, please visit the Company website at www.medalistreit.com<\/a>.<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20230412005576\/en\/<\/a><\/span><\/p>\n

\nBrent Winn
\n
Medalist Diversified REIT, Inc.
\n
804-338-7708
\n
brent.winn@medalistprop.com<\/a><\/p>\n

KEYWORDS:<\/b> Virginia United States North America<\/p>\n

INDUSTRY KEYWORDS:<\/b> Other Construction & Property Commercial Building & Real Estate Construction & Property REIT<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
Logo<\/b><\/font><\/td>\n<\/tr>\n
\"Logo\"<\/td>\n<\/tr>\n
<\/font><\/td>\n<\/tr>\n<\/table>\n","protected":false},"excerpt":{"rendered":"

Medalist Diversified REIT, Inc. Announces Cash Dividend of $0.01 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock RICHMOND, Va.–(BUSINESS WIRE)– Medalist Diversified REIT, Inc. (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 today that its Board of Directors declared a quarterly cash dividend of $0.01 per share on the Company\u2019s common stock (the “Common Stock Dividend”). The Common Stock Dividend is payable in cash on April 28, 2023, to holders of record as of April 25, 2023. The Board of Directors also declared a dividend of $0.50 per share on … <\/p>\n

Continue reading “Medalist Diversified REIT, Inc. Announces Cash Dividend of $0.01 Per Share on Its Common Stock and $0.50 Per Share on Its Series A Preferred Stock”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-747187","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nMedalist Diversified REIT, Inc. 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