American Finance Trust Inc (NASDAQ:AFIN) Announces Dividend Increase – $0.09 Per Share

American Finance Trust Inc (NASDAQ:AFIN) announced a monthly dividend on Monday, July 1st, Zacks reports. Stockholders of record on Thursday, July 11th will be given a dividend of 0.092 per share on Monday, July 15th. This represents a $1.10 annualized dividend and a dividend yield of 9.72%. The ex-dividend date of this dividend is Wednesday, July 10th. This is an increase from American Finance Trust’s previous monthly dividend of $0.09.

NASDAQ AFIN opened at $11.36 on Tuesday. The company has a 50 day simple moving average of $10.81. American Finance Trust has a 12-month low of $9.36 and a 12-month high of $18.50. The company has a debt-to-equity ratio of 0.28, a quick ratio of 0.14 and a current ratio of 0.14.

American Finance Trust (NASDAQ:AFIN) last posted its quarterly earnings results on Wednesday, May 8th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.06) by $0.03. American Finance Trust had a negative net margin of 19.15% and a negative return on equity of 3.43%. The company had revenue of $71.54 million for the quarter.

In other American Finance Trust news, Director Lisa Kabnick purchased 100,000 shares of the stock in a transaction dated Tuesday, May 14th. The shares were bought at an average price of $10.43 per share, with a total value of $1,043,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

American Finance Trust Company Profile

American Finance Trust, Inc (Nasdaq: AFIN) is a publicly traded real estate investment trust listed on the Nasdaq focused on acquiring and managing a diversified portfolio of primarily service-oriented and traditional retail and distribution related commercial real estate properties in the U.S.

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Dividend History for American Finance Trust (NASDAQ:AFIN)

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