Phillips Edison & Company, Inc. (NASDAQ:PECO) Declares Dividend Increase – $0.12 Per Share

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be given a dividend of 0.115 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 6.2% increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.11.

Phillips Edison & Company, Inc. has increased its dividend by an average of 0.7%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a payout ratio of 183.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Phillips Edison & Company, Inc. to earn $2.92 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 44.5%.

Phillips Edison & Company, Inc. Price Performance

NASDAQ:PECO traded down $0.02 during trading hours on Wednesday, reaching $38.90. 35,181 shares of the stock were exchanged, compared to its average volume of 925,453. The stock has a market cap of $5.01 billion, a PE ratio of 33.81, a PEG ratio of 2.00 and a beta of 0.50. Phillips Edison & Company, Inc. has a twelve month low of $32.98 and a twelve month high of $44.38. The firm has a 50 day moving average of $41.45 and a 200 day moving average of $39.98.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The business had revenue of $189.62 million during the quarter, compared to analyst estimates of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. Phillips Edison & Company, Inc.’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same quarter last year, the business earned $0.64 earnings per share. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current year.

Phillips Edison & Company, Inc. Company Profile

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.