Medalist Diversified Declares $0.0675 Quarterly Dividend
Medalist Diversified, Inc. (NASDAQ: MDRR), a Virginia-based sponsor of Delaware Statutory Trusts, declared a quarterly cash dividend of $0.0675 per share. The dividend is payable April 21, 2026 to shareholders of record as of April 15, 2026.
Medalist Diversified, Inc. (NASDAQ: MDRR), a Virginia-based sponsor of Delaware Statutory Trusts, declared a quarterly cash dividend of $0.0675 per share on April 1, 2026. The dividend will be paid to shareholders of record as of April 15, 2026. Read more dividend announcements.
The Board of Directors authorized the dividend following the company's announcement that it closed on the sale of a 134,239 square foot retail property in Gastonia, North Carolina.
| Dividend Details | Date |
|---|---|
| Amount | $0.0675 per share |
| Declaration Date | April 1, 2026 |
| Record Date | April 15, 2026 |
| Payment Date | April 21, 2026 |
| Frequency | Quarterly |
Property Sale Completed
On March 30, 2026, Medalist completed the sale of the Franklin Square Property, a retail property in Gastonia, North Carolina, for $24.1 million. The sale was conducted with an unaffiliated purchaser based on arm's length negotiations.
The company used $12.95 million from the sale proceeds to defease and retire its obligations under the mortgage loan secured by the Franklin Square Property. The transaction closed one day before the dividend declaration.