Bridgemarq Real Estate Services Inc. (TSE:BRE) Increases Dividend to $0.11 Per Share

Bridgemarq Real Estate Services Inc. (TSE:BRE) declared a monthly dividend on Friday, October 18th, TickerTech reports. Shareholders of record on Thursday, October 31st will be given a dividend of 0.1125 per share on Friday, November 29th. This represents a $1.35 annualized dividend and a yield of 8.96%. The ex-dividend date is Thursday, October 31st. This is a positive change from Bridgemarq Real Estate Services’s previous monthly dividend of $0.11.

Bridgemarq Real Estate Services Price Performance

Shares of TSE BRE opened at C$15.06 on Friday. The firm’s 50-day moving average is C$13.89 and its two-hundred day moving average is C$13.39. The company has a market capitalization of C$142.77 million, a PE ratio of 13.21 and a beta of 1.28. Bridgemarq Real Estate Services has a 12-month low of C$11.06 and a 12-month high of C$15.19.

Bridgemarq Real Estate Services (TSE:BRE) last posted its earnings results on Tuesday, August 13th. The company reported C$0.17 earnings per share (EPS) for the quarter. The company had revenue of C$110.09 million during the quarter.

Wall Street Analysts Forecast Growth

Separately, Cormark raised Bridgemarq Real Estate Services to a “moderate buy” rating in a research note on Thursday, October 10th.

Insiders Place Their Bets

In other news, Director Gitanjli Datt acquired 3,000 shares of the business’s stock in a transaction dated Friday, August 16th. The stock was acquired at an average price of C$13.11 per share, with a total value of C$39,330.00. 0.89% of the stock is owned by corporate insiders.

About Bridgemarq Real Estate Services

Bridgemarq Real Estate Services Inc provides various services to residential real estate brokers and REALTORS in Canada. The company offers information, tools, and services that assist its customers in the delivery of real estate services. It provides its services under the Royal LePage, Via Capitale, Johnston and Daniel, and Proprio Direct brand names.