Phillips Edison & Company, Inc. (NASDAQ:PECO) Declares Monthly Dividend of $0.11

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) declared a monthly dividend on Thursday, February 12th. Stockholders of record on Monday, March 16th will be paid a dividend of 0.1083 per share on Wednesday, April 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date of this dividend is Monday, March 16th.

Phillips Edison & Company, Inc. has increased its dividend payment by an average of 0.7%per year over the last three years and has raised its dividend every year for the last 1 years. Phillips Edison & Company, Inc. has a payout ratio of 183.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Phillips Edison & Company, Inc. to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 48.5%.

Phillips Edison & Company, Inc. Price Performance

PECO opened at $37.85 on Friday. The business has a 50 day simple moving average of $35.78 and a 200-day simple moving average of $34.96. The stock has a market capitalization of $4.76 billion, a P/E ratio of 42.53, a P/E/G ratio of 0.96 and a beta of 0.53. Phillips Edison & Company, Inc. has a 12 month low of $32.40 and a 12 month high of $38.67.

Phillips Edison & Company, Inc. (NASDAQ:PECOGet Free Report) last released its earnings results on Thursday, February 5th. The company reported $0.38 EPS for the quarter, missing analysts’ consensus estimates of $0.66 by ($0.28). Phillips Edison & Company, Inc. had a net margin of 15.32% and a return on equity of 4.29%. The business had revenue of $187.86 million during the quarter, compared to analyst estimates of $183.18 million. During the same period last year, the business posted $0.62 EPS. Phillips Edison & Company, Inc.’s revenue was up 8.6% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

About Phillips Edison & Company, Inc.

(Get Free Report)

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.

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Dividend History for Phillips Edison & Company, Inc. (NASDAQ:PECO)

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