Retail Properties of America, Inc. (NYSE:RPAI) will begin trading ex-dividend on December 22, 2020. The quarterly dividend payment of $ 0.06 per share is scheduled to be paid on January 8, 2021. The dividend yield based on the latest trading day closing price was 2.79 percent. Shareholders who purchased RPAI shares prior to the ex-dividend date are eligible for the cash dividend payment.
Dividends History
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Retail Properties of America, Inc. recently reported third quarter financial results on November 2, 2020, after market close, the Oak Brook based company communicated income for the third quarter of $ 0.21 per share, from the revenue of $ 107.36 million. The quarterly earnings decreased 22.22 percent while revenues lowered 10.32 percent compared with the same quarter last year. The consensus estimates are $ 99.35 million in revenue The top line results outshined analysts by $ 8.01 million or 8.06 percent.
Stock Performance
Shares of Retail Properties of America, Inc. traded low $ -0.47 or -5.18 percent on Friday, reaching $ 8.60 with volume of 5.20 million shares. Retail Properties of America, Inc. has traded high as $ 9.13 and has cracked $ 8.60 on the downward trend
According to the previous trading day, closing price of $ 8.60, representing a 216.03 % increase from the 52 week low of $ 2.87 and a 32.57 % decrease over the 52 week high of $ 13.45.
The company has a market capital of $ 1.84 billion and is part of the Real Estate sector and REIT – Retail industry.
Retail Properties of America, Inc. is a REIT that owns and operates high quality, strategically located open-air shopping centers, including properties with a mixed-use component. As of June 30, 2019, the Company owned 104 retail operating properties in the United States representing 20.0 million square feet.
