On Monday, Altus announced that its Board of Directors approved the payment of a cash dividend of $0.15 per share for the second quarter ending June 30, 2016. The dividend will be paid on July 15, 2016 to common shareholders of record as at June 30, 2016.
AIF currently offers a dividend yield of 2.74%. The company has an excellent track record when it comes to dividend payments. Over the last five years, the company has consistently paid dividends. Although the dividend has remained at $0.15 per share.
AIF shares have had a decent run this year. Year-to-date, the stock has gained more than 15%, outperforming the S&P/TSX, which is up more than 5% in the same period.
Back in May, Altus reported its first-quarter financial results. The company posted consolidated revenue of $106.7 million, up 8.4% on a year-over-year basis. The company posted a loss of $0.06 per share for the quarter.
