Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) declared a monthly dividend on Friday, May 3rd, Wall Street Journal reports. Stockholders of record on Monday, July 15th will be given a dividend of 0.0975 per share on Thursday, August 1st. This represents a $1.17 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Monday, July 15th.
Phillips Edison & Company, Inc. has a 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. Equities 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. Price Performance
NASDAQ:PECO traded up $0.01 during trading hours on Friday, reaching $33.08. 689,042 shares of the company were exchanged, compared to its average volume of 624,156. The firm has a market cap of $4.04 billion, a price-to-earnings ratio of 71.91, a PEG ratio of 3.86 and a beta of 0.59. The stock has a 50 day simple moving average of $34.45 and a 200 day simple moving average of $34.99. Phillips Edison & Company, Inc. has a 52-week low of $27.85 and a 52-week high of $37.92.
Analyst Upgrades and Downgrades
Read Our Latest Stock Analysis on Phillips Edison & Company, Inc.
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.
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