Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) announced a monthly dividend on Wednesday, August 5th. Shareholders of record on Monday, August 17th will be paid a dividend of 0.1083 per share on Tuesday, September 1st. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Monday, August 17th.
Phillips Edison & Company, Inc. has raised its dividend payment by an average of 0.7%annually 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. Equities research analysts expect Phillips Edison & Company, Inc. to earn $2.90 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 44.8%.
Phillips Edison & Company, Inc. Stock Down 0.1%
Shares of PECO stock opened at $41.58 on Thursday. Phillips Edison & Company, Inc. has a 12-month low of $32.84 and a 12-month high of $44.38. The firm has a fifty day moving average of $41.80 and a 200-day moving average of $39.52. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 36.16, a price-to-earnings-growth ratio of 2.16 and a beta of 0.52.
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.
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