Safehold Inc. (NYSE:SAFE) Plans $0.18 Quarterly Dividend

Safehold Inc. (NYSE:SAFE) declared a quarterly dividend on Monday, December 15th. Stockholders of record on Tuesday, December 30th will be paid a dividend of 0.177 per share on Thursday, January 15th. This represents a c) dividend on an annualized basis and a dividend yield of 5.1%. The ex-dividend date of this dividend is Tuesday, December 30th.

Safehold has decreased its dividend by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Safehold has a dividend payout ratio of 42.7% meaning its dividend is sufficiently covered by earnings. Analysts expect Safehold to earn $1.61 per share next year, which means the company should continue to be able to cover its $0.70 annual dividend with an expected future payout ratio of 43.5%.

Safehold Stock Performance

Shares of SAFE stock traded down $0.28 on Monday, reaching $13.82. The stock had a trading volume of 515,442 shares, compared to its average volume of 424,011. Safehold has a 12 month low of $12.76 and a 12 month high of $21.24. The firm has a market capitalization of $991.60 million, a price-to-earnings ratio of 8.80, a P/E/G ratio of 2.15 and a beta of 1.85. The firm’s 50-day moving average is $14.27 and its two-hundred day moving average is $15.04. The company has a quick ratio of 36.91, a current ratio of 36.91 and a debt-to-equity ratio of 1.86.

Safehold (NYSE:SAFE) last announced its quarterly earnings results on Tuesday, May 3rd. The company reported $0.30 earnings per share for the quarter. The firm had revenue of $50.20 million for the quarter. Safehold had a return on equity of 4.78% and a net margin of 29.67%. On average, research analysts expect that Safehold will post 1.58 EPS for the current fiscal year.

About Safehold

Safehold Inc (NYSE: SAFE) is revolutionizing real estate ownership by providing a new and better way for owners to unlock the value of the land beneath their buildings. Having created the modern ground lease industry in 2017, Safehold continues to help owners of high quality multifamily, office, industrial, hospitality, student housing, life science and mixed-use properties generate higher returns with less risk.