JBG SMITH Properties (NYSE:JBGS) Shares Will Pay Quarterly Dividend of $0.17

JBG SMITH Properties (NYSE:JBGS) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.1750 per share on Wednesday, November 25th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date of this dividend is Thursday, November 12th.

JBG SMITH Properties has a payout ratio of -36.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

JBG SMITH Properties Trading Up 4.4%

NYSE:JBGS opened at $12.06 on Friday. The business has a fifty day moving average price of $11.30 and a 200-day moving average price of $14.01. The firm has a market capitalization of $706.37 million, a price-to-earnings ratio of -4.62 and a beta of 1.11. JBG SMITH Properties has a one year low of $9.93 and a one year high of $20.18. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.

The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH’s activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.