Inland Real Estate Corporation previously announced that it will distribute dividend among its shareholders early this January. However, the $0.0475 per share was distributed on Jan. 18 instead of an earlier set date.
The corporation paid the cash dividend on Monday on its 8.125 percent Series A Cumulative Redeemable Preferred Stock. The cash dividend, according to Equities Focus, was distributed among the stockholders of the Series A Preferred Stock, after the close of business at the beginning of the year.
The company also announced the $0.169271 cash dividend per share on its Series A Preferred Stock, which will be available on Feb. 16. The payable will be received by stock and record holders when the business closes during the first of February.
The report stated that shareholders will be required to keep their stocks until the ex-dividend date before receiving their dividend payout. IRC set Dec. 30, 2015 as the ex-dividend date.
The company also released a cash dividend amounting to $0.144791667 per share of the Series B Cumulative Redeemable Preferred Stock, according to Street Insider. The payable was shared to stockholders on Jan. 4 close of business.
There will also be a $0.144791667 cash dividend per share for the Series B Preferred Stock outstanding shares. This dividend will be given on the 16th of February to those who hold records of the said stocks as of Feb. 1 close of business.
The sell-side analysts have estimated the stock's price to be at $10.25 at the short term. This given price estimate, which was $12 and $8.5 each, is the average of two brokerage firms. This puts the mean price at 3.75 where 1 means a strong buy and 5 is the strong sell.
The company is one of the real estate investment funds (REIT) in the country. It is a self-advised and self-managed REITs that gives focus on the owning and operating of open-air neighborhood. It also gives attention to the community and the power shopping centers in the Central and South Eastern states in the U.S.
The company currently owns about 135 fee investment properties, 36 of which are unconsolidated joint ventures.
