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

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Thursday, February 12th. Shareholders of record on Friday, May 15th will be given a dividend of 0.1083 per share on Tuesday, June 2nd. This represents a c) annualized dividend and a yield of 3.4%. The ex-dividend date is Friday, May 15th.

Phillips Edison & Company, Inc. has raised its dividend by an average of 0.7%per year over the last three years and has increased its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a dividend 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 stock traded up $0.07 during mid-day trading on Friday, reaching $37.92. The company had a trading volume of 41,599 shares, compared to its average volume of 892,700. The company has a market capitalization of $4.77 billion, a PE ratio of 42.68, a price-to-earnings-growth ratio of 0.96 and a beta of 0.53. The firm has a 50 day moving average of $35.78 and a 200 day moving average of $34.96. 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:PECO) last announced its quarterly earnings results on Thursday, February 5th. The company reported $0.38 earnings per share (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 firm had revenue of $187.86 million during the quarter, compared to analysts’ expectations of $183.18 million. During the same quarter in the previous year, the firm posted $0.62 EPS. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.740-0.770 EPS. Analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 EPS for the current year.

About Phillips Edison & Company, Inc.

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.