Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) announced a monthly dividend on Thursday, May 2nd, Wall Street Journal reports. Investors of record on Monday, June 17th will be given a dividend of 0.0975 per share on Tuesday, July 2nd. This represents a $1.17 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Monday, June 17th. This is an increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.10.
Phillips Edison & Company, Inc. has a dividend payout ratio of 195.0% 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 $2.52 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 46.4%.
Phillips Edison & Company, Inc. Trading Up 0.0 %
NASDAQ PECO opened at $33.08 on Friday. The stock’s 50-day moving average price is $34.45 and its two-hundred day moving average price is $34.99. The company has a market cap of $4.04 billion, a PE ratio of 71.91, a PEG ratio of 3.91 and a beta of 0.59. Phillips Edison & Company, Inc. has a 1 year low of $27.85 and a 1 year high of $37.92.
Analysts Set New Price Targets
View Our Latest Analysis on PECO
Phillips Edison & Company, Inc. Company Profile
Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.
Read More
- Five stocks we like better than Phillips Edison & Company, Inc.
- The Significance of a Trillion-Dollar Market Cap Goes Beyond a Number
- MarketBeat Week in Review – 4/29 – 5/3
- What is Forex and How Does it Work?
- Apple’s Earnings Show Investors Its Strength and Its Weakness
- Dividend King Proctor & Gamble Is A Buy On Post-Earnings Weakness
- Bargain Alert: 3 Large Caps With Extremely Oversold RSIs
Receive News & Ratings for Phillips Edison & Company Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Phillips Edison & Company Inc. and related companies with MarketBeat.com's FREE daily email newsletter.