Phillips Edison & Company, Inc. (NASDAQ:PECO) Declares Monthly Dividend of $0.12

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, December 15th will be paid a dividend of $0.1150 per share on Tuesday, January 5th. This represents a $1.38 annualized dividend and a dividend yield of 3.4%. The ex-dividend date is Tuesday, December 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 every year for the last 1 years. Phillips Edison & Company, Inc. has a dividend payout ratio of 194.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 $1.38 annual dividend with an expected future payout ratio of 47.3%.

Phillips Edison & Company, Inc. Stock Down 1.0%

Shares of NASDAQ PECO traded down $0.41 during midday trading on Wednesday, reaching $40.78. 44,063 shares of the company’s stock traded hands, compared to its average volume of 984,987. The stock’s 50 day simple moving average is $38.30 and its 200-day simple moving average is $39.33. Phillips Edison & Company, Inc. has a one year low of $34.22 and a one year high of $44.38. The company has a market cap of $5.26 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 2.44 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.49 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.20). The business had revenue of $193.09 million during the quarter, compared to the consensus estimate of $190.17 million. Phillips Edison & Company, Inc. had a return on equity of 6.90% and a net margin of 23.87%. The business’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the firm earned $0.65 EPS. Equities analysts predict that Phillips Edison & Company, Inc. will post 2.78 EPS for the current fiscal year.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company’s activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.