Regency Centers Corporation to Issue Quarterly Dividend of $0.76 (NASDAQ:REG)

Regency Centers Corporation (NASDAQ:REG) declared a quarterly dividend on Wednesday, August 5th. Investors of record on Friday, September 11th will be paid a dividend of 0.755 per share on Friday, October 2nd. This represents a c) annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 11th.

Regency Centers has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 5 consecutive years. Regency Centers has a payout ratio of 123.8% 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 Regency Centers to earn $5.09 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 59.3%.

Regency Centers Stock Performance

REG traded down $2.11 during trading on Thursday, reaching $76.96. 2,584,901 shares of the company’s stock were exchanged, compared to its average volume of 1,436,083. The company has a market capitalization of $14.09 billion, a P/E ratio of 26.09, a PEG ratio of 3.32 and a beta of 0.80. The company has a quick ratio of 2.14, a current ratio of 1.25 and a debt-to-equity ratio of 0.71. The business has a 50 day moving average price of $79.70 and a 200 day moving average price of $77.76. Regency Centers has a fifty-two week low of $66.86 and a fifty-two week high of $83.66.

About Regency Centers

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.