29 Jan '12, 12pm
First REIT and Ascott REIT Declare Dividends
First REIT just declared distribution/dividends of 1.93 cents per share. A quick look at First REIT’s dividend history gives me some sort of confidence to enter this REIT again. I had previously sold off my entire shareholdings in it but have recently entered into it again buying 10 lots of it recently. Since the distribution is paid quarterly, it looks like I will be receiving a small bonus every 3 months. Not too bad for some passive income. Based on my 10,000 shares, I figure that I will be receiving around $193 for Feb 2012.