City Office REIT Inc(NYSE:CIO) Declares Dividend of $0.2350.

City Office REIT Inc (NYSE:CIO) had declared a cash dividend of $0.2350 on Sep 15, 2016. The shares will quote ex-dividend on Oct 7, 2016 and the record date has been fixed for Oct 11, 2016. On Sep 15, 2016 share price, the yield comes out to be 7.5260%. The dividend payable date has been fixed on Oct 25, 2016.

City Office REIT Inc (CIO) shares turned negative on Tuesdays trading session with the shares closing down -0.01 points or -0.08% at a volume of 49,812. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $12.71. The peak price level was also seen at $12.71 while the days lowest was $12.57. Finally the shares closed at $12.6. The 52-week high of the shares is $13.93 while the 52-week low is $10.61. According to the latest information available, the market cap of the company is $307 M.

City Office REIT Inc(CIO) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $16.09M. Analysts had an estimated revenue of $16.16M. Earnings per share were $-0.18. Analysts had estimated an EPS of $-0.11.

Several Insider Transactions has been reported to the SEC. On May 16, 2016, John R. Mclernon (director) purchased 1,500 shares at $11.56 per share price.Also, On Mar 11, 2016, Samuel Belzberg (director 10% owner) purchased 1,500 shares at $12.00 per share price.On Mar 9, 2016, William R Flatt (director) purchased 1,500 shares at $12.16 per share price, according to the Form-4 filing with the securities and exchange commission.

City Office REIT Inc. is focused on acquiring owning and operating Class A and B office properties located within its target markets in the United States. The Company has 12 primary target markets which are located in metropolitan areas in the Southern and Western United States. As of December 31 2014 then Company owned nine office complexes which include 21 office buildings in the metropolitan areas of Boise (ID) Dallas (TX) Denver (CO) Portland (OR) Tampa (FL) Allentown (PA) and Orlando (FL). Eight of the nine properties of the Company owned as of December 31 2014 are managed by local third-party real estate operators six of which have invested equity with management and three of which continue to hold a minority equity interest in the property.

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