MacKenzie Realty Capital Increases Quarterly Dividend Again

MacKenzie Realty Capital Inc., a publicly registered non-traded real estate investment trust, announced an increase in its regular quarterly dividend, now at the rate of $0.11 per share.

As The DI Wire previously reported, MacKenzie also increased its regular quarterly dividend to $0.105 per share for the third quarter of 2022.

The dividend will be payable to shareholders of record as of Dec. 31, 2022, and will be paid on or around Jan. 20, 2023.

The board also announced a quarterly dividend of $0.375 per Series A Preferred share, payable at the rate of $0.125 per month.  As there were no holders of preferred stock prior to Dec. 1, 2022, the board approved $0.125 per preferred share to preferred shareholders of record as of Dec. 31, 2022.

The board further approved a preferred share dividend in the amount of $0.125 per month per preferred share for holders of record as of Jan. 31, 2023, Feb. 28, 2023, and March 31, 2023, to be paid in April 2023.

MacKenzie Realty Capital has launched a series of offerings since 2014. The latest, a Regulation A offering of up to $50 million shares of Series A preferred stock, began in November 2021.

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