MacKenzie Realty Capital approves quarterly dividends for preferred shares

MacKenzie Realty Capital, Inc. (NASDAQ:MKZR), currently trading at $0.67 per share with a market capitalization of $10.43 million, announced Friday that its board of directors has approved the regular quarterly dividends for the quarter ending September 30, 2025, for both Series A and Series B preferred shares. InvestingPro data shows the company maintains a significant 30.42% dividend yield.

According to a press release statement and an accompanying SEC filing, the company will mail letters to holders of Series A and Series B preferred stock regarding the dividend payments. The full text of these letters is included as exhibits to the Form 8-K filed with the Securities and Exchange Commission. This announcement comes as the stock has experienced a significant decline, with InvestingPro data showing a 75.87% drop over the past year.

No additional details regarding the dividend amounts or payment dates were disclosed in the filing. The company stated that the information provided is furnished under Regulation FD Disclosure and is not considered filed for purposes of Section 18 of the Securities Exchange Act of 1934.

MacKenzie Realty Capital is a real estate investment trust incorporated in Maryland and headquartered in Orinda, California. The information in this article is based on a press release statement and the company’s current report filed with the SEC.

In other recent news, MacKenzie Realty Capital, Inc. announced a 1-for-10 reverse stock split approved by its Board of Directors. This move aims to increase the company’s per-share trading price to meet Nasdaq Capital Market’s minimum bid price requirement for continued listing. The reverse split will convert ten current shares into one new share, reducing the number of outstanding shares from approximately 15.8 million to 1.58 million. No fractional shares will be issued, and stockholders will receive cash for any fractional shares based on the closing price before the split. Additionally, MacKenzie Realty Capital appointed Baker Tilly US, LLP as its new auditor after the merger with Moss Adams LLP. Moss Adams’s previous audit reports did not contain any adverse opinions or disagreements on accounting practices. The company confirmed that there were no consultations with Baker Tilly on matters requiring disclosure before the merger. This information was provided in a recent SEC filing by MacKenzie Realty Capital.

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