CIM Commercial Trust Corp (NASDAQ:CMCT) had declared a cash dividend of $0.2188 on Jun 10, 2016. The shares will quote ex-dividend on Jun 17, 2016 and the record date has been fixed for Jun 21, 2016. On Jun 10, 2016 share price, the yield comes out to be 4.8541%. The dividend payable date has been fixed on Jun 28, 2016.
CIM Commercial Trust Corp (CMCT) made into the market gainers list on Wednesdays trading session with the shares advancing 1.11% or 0.2 points. Due to strong positive momentum, the stock ended at $18.28, which is also near the day’s high of $18.7. The stock began the session at $18.26 and the volume stood at 7,133 shares. The 52-week high of the shares is $21.55 and the 52 week low is $14.31. The company has a current market capitalization of $1,785 M and it has 9,76,66,021 shares in outstanding.
Several Insider Transactions has been reported to the SEC. On May 13, 2016, Kelly Eppich (director) purchased 30 shares at $18.48 per share price.Also, On May 13, 2016, Charles E Ii Garner (Chief Executive Officer) purchased 30 shares at $18.48 per share price.On May 13, 2016, Richard S Ressler (director 10% owner) purchased 120 shares at $18.48 per share price, according to the Form-4 filing with the securities and exchange commission.
CIM Commercial Trust Corporation acquires owns and operates office properties in urban communities throughout the United States. The Company operates in four business segments: the acquisition redevelopment ownership and management of office real estate (office segment); multifamily real estate (multifamily segment); hotels (hotel segment) and lending operations (lending segment). The products for the Company’s office segment primarily include rental of office space and other tenant services including tenant reimbursements parking and storage space rental. The products for its multifamily segment include rental of apartments and other tenant services. The products of its hotel segment include operations of hotel properties a garage and an investment in a note receivable secured by a hotel property. The lending segment includes the yield and other related fee income earned on its loans receivable.