Medalist Diversified REIT Boosts Credit and Declares Dividends

The latest update is out from Medalist Diversified REIT ( (MDRR) ).

On October 4, 2024, Medalist Diversified REIT, Inc. announced an increase in its line of credit to $4 million and declared quarterly cash dividends of $0.06 per common share and $0.50 per Series A Preferred share, payable on October 21 to record holders as of October 16. The enhanced credit facility and dividends reflect the company’s strategic focus on growth and shareholder value, reinforcing its commitment to financial prudence and seizing market opportunities in the Southeast U.S. real estate sector.

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