Dream Unlimited (TSE:DRM) Trading 1.5% Higher - Still a Buy?

Dream Unlimited Corp. (TSE:DRM - Get Free Report)'s share price shot up 1.5% on Tuesday . The company traded as high as C$18.75 and last traded at C$18.57. 10,629 shares traded hands during mid-day trading, a decline of 69% from the average session volume of 34,069 shares. The stock had previously closed at C$18.29.

Dream Unlimited Price Performance

The company has a market cap of C$739.89 million, a P/E ratio of -34.00 and a beta of 1.39. The stock has a 50-day simple moving average of C$20.00 and a 200 day simple moving average of C$23.48. The company has a debt-to-equity ratio of 135.03, a quick ratio of 0.67 and a current ratio of 5.58.

Dream Unlimited Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 31st were paid a dividend of $0.1625 per share. This is a boost from Dream Unlimited's previous quarterly dividend of $0.15. This represents a $0.65 annualized dividend and a dividend yield of 3.57%. The ex-dividend date was Friday, March 14th. Dream Unlimited's dividend payout ratio is -112.10%.

Insider Activity at Dream Unlimited

In other news, Director Jennifer Koss sold 3,076 shares of the stock in a transaction on Friday, April 4th. The shares were sold at an average price of C$18.64, for a total transaction of C$57,336.64. Also, Director Jane Gavan sold 8,355 shares of the business's stock in a transaction that occurred on Friday, March 14th. The shares were sold at an average price of C$19.84, for a total value of C$165,763.20. 47.16% of the stock is owned by company insiders.

About Dream Unlimited

DREAM Unlimited Corp is a real estate company. The company's divisions include Asset management; Stabilized income generating assets; Urban development - Toronto and Ottawa and Western Canada community development. It generates maximum revenue from the Asset Management segment. Its segments are Recurring income and Development.