Broadstone Net Lease, Inc. (BNL) to Distribute Quarterly Dividend of $0.29 on October 15th

Broadstone Net Lease, Inc. (NYSE:BNL) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Wednesday, September 30th will be given a dividend of $0.2925 per share on Thursday, October 15th. This represents a $1.17 annualized dividend and a yield of 6.2%. The ex-dividend date of this dividend is Wednesday, September 30th.

Broadstone Net Lease has raised its dividend by an average of 0.2%annually over the last three years and has increased its dividend annually for the last 4 consecutive years. Broadstone Net Lease has a dividend payout ratio of 151.9% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Broadstone Net Lease to earn $1.60 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 73.1%.

Broadstone Net Lease Price Performance

NYSE:BNL opened at $18.93 on Monday. The firm has a 50-day moving average of $20.93 and a two-hundred day moving average of $20.45. The stock has a market cap of $3.63 billion, a P/E ratio of 24.91 and a beta of 0.91. Broadstone Net Lease has a 1-year low of $17.16 and a 1-year high of $23.10.

Broadstone Net Lease (NYSE:BNL) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.21 EPS for the quarter, topping the consensus estimate of $0.19 by $0.02. Broadstone Net Lease had a return on equity of 4.83% and a net margin of 30.61%.The business had revenue of $122.31 million for the quarter, compared to analysts’ expectations of $121.63 million. Broadstone Net Lease has set its FY 2026 guidance at 1.550-1.570 EPS. As a group, equities analysts expect that Broadstone Net Lease will post 1.51 earnings per share for the current year.

About Broadstone Net Lease

Broadstone Net Lease, Inc (NYSE: BNL) is a real estate investment trust (REIT) that owns and manages a diversified portfolio of primarily single-tenant commercial properties. The company leases these properties to businesses under long-term, net lease agreements, in which tenants generally assume responsibility for property taxes, insurance and maintenance.

Broadstone’s portfolio is diversified across industries and includes properties used for healthcare, industrial, office, retail, restaurant and other business purposes.