Regency Centers Corporation (NASDAQ:REG) Announces $0.76 Quarterly Dividend

Regency Centers Corporation (NASDAQ:REG) announced a quarterly dividend on Wednesday, May 6th. Investors of record on Friday, June 12th will be paid a dividend of 0.755 per share on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, June 12th.

Regency Centers has increased its dividend payment by an average of 0.0%annually over the last three years and has increased its dividend every year for the last 5 years. Regency Centers has a payout ratio of 123.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Regency Centers to earn $5.07 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 59.6%.

Regency Centers Stock Performance

NASDAQ REG traded down $0.08 on Friday, hitting $77.79. The stock had a trading volume of 107,108 shares, compared to its average volume of 1,391,472. Regency Centers has a one year low of $66.86 and a one year high of $81.66. The company has a quick ratio of 1.05, a current ratio of 2.14 and a debt-to-equity ratio of 0.72. The stock has a market cap of $14.24 billion, a price-to-earnings ratio of 26.78, a P/E/G ratio of 3.36 and a beta of 0.82. The company’s 50-day moving average is $77.92 and its two-hundred day moving average is $73.46.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.