Equity Lifestyle Properties, Inc. (NYSE:ELS) to Issue Quarterly Dividend of $0.54

Equity Lifestyle Properties, Inc. (NYSE:ELSGet Free Report) announced a quarterly dividend on Wednesday, February 4th. Shareholders of record on Friday, March 27th will be paid a dividend of 0.5425 per share by the real estate investment trust on Friday, April 10th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Friday, March 27th. This is a 5.3% increase from Equity Lifestyle Properties’s previous quarterly dividend of $0.52.

Equity Lifestyle Properties has raised its dividend by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 21 consecutive years. Equity Lifestyle Properties has a payout ratio of 97.2% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Research analysts expect Equity Lifestyle Properties to earn $3.25 per share next year, which means the company should continue to be able to cover its $2.06 annual dividend with an expected future payout ratio of 63.4%.

Equity Lifestyle Properties Stock Performance

NYSE ELS opened at $65.62 on Thursday. The company has a debt-to-equity ratio of 0.30, a current ratio of 0.04 and a quick ratio of 0.05. Equity Lifestyle Properties has a 1-year low of $58.15 and a 1-year high of $70.35. The business’s 50-day simple moving average is $61.91 and its 200-day simple moving average is $61.37. The firm has a market capitalization of $12.72 billion, a P/E ratio of 32.65, a P/E/G ratio of 3.75 and a beta of 0.76.

Equity Lifestyle Properties Company Profile

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Equity Lifestyle Properties, Inc (NYSE: ELS) is a publicly traded real estate investment trust specializing in the acquisition, development, ownership and operation of manufactured home communities and recreational vehicle resorts. The company’s portfolio includes more than 450 properties across the United States and Canada, serving over 200,000 residents and visitors. ELS organizes its operations into two primary segments: manufactured housing communities, which provide long-term housing solutions, and upscale RV and seasonal resorts designed for leisure travelers and seasonal patrons.

In its manufactured home division, ELS offers home-site leases combined with community amenities such as landscaped common areas, clubhouses, swimming pools and organized resident events.

See Also

Dividend History for Equity Lifestyle Properties (NYSE:ELS)

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