Inland Real Estate Declares Monthly Dividend of $0.05 (IRC)
Inland Real Estate (NYSE:IRC) declared a monthly dividend on Tuesday, December 18th. Stockholders of record on Monday, December 31st will be given a dividend of $0.05 per share on Thursday, January 17th. This represents a $0.57 dividend on an annualized basis and a yield of Infinity. The ex-dividend date of this dividend is Thursday, December 27th.
Inland Real Estate (IRC) traded up 1.32% on Tuesday, hitting $8.42. Inland Real Estate (IRC) has a 1-year low of $6.05 and a 1-year high of $9.65. The company has a market cap of $751.7 million and a price-to-earnings ratio of 286.55.
Inland Real Estate last released its earnings data on Thursday, November 1st. The company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The company had revenue of $40.89 million for the quarter, compared to the consensus estimate of $39.68 million. Inland Real Estate’s revenue was down 1.9% compared to the same quarter last year. On average, analysts predict that Inland Real Estate (IRC) will post $0.86 earnings per share for the current fiscal year.
Inland Real Estate Corporation is a real estate investment trust (REIT) that acquires, owns, operates and develops (directly or through consolidated entities) open-air neighborhood, community, power shopping centers and single-tenant retail properties located primarily in upper Midwest markets.
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