CBL & Associates Properties, Inc. (NYSE:CBL) announced a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be paid a dividend of 0.20 per share by the real estate investment trust on Tuesday, January 16th. This represents a $0.80 dividend on an annualized basis and a yield of 13.51%. The ex-dividend date of this dividend is Thursday, December 28th.

CBL & Associates Properties has raised its dividend by an average of 5.2% per year over the last three years. CBL & Associates Properties has a dividend payout ratio of 36.7% meaning its dividend is sufficiently covered by earnings. Research analysts expect CBL & Associates Properties to earn $2.18 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 36.7%.

Shares of CBL & Associates Properties (NYSE CBL) opened at $5.92 on Friday. The firm has a market capitalization of $1.37 billion, a PE ratio of 3.63, a price-to-earnings-growth ratio of 1.27 and a beta of 1.22. The company has a current ratio of 0.57, a quick ratio of 0.57 and a debt-to-equity ratio of 3.27.

A number of brokerages have issued reports on CBL. BidaskClub raised shares of CBL & Associates Properties from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Stifel Nicolaus began coverage on shares of CBL & Associates Properties in a report on Friday, July 14th. They issued a “hold” rating and a $8.25 price target on the stock. Bank of America Corporation lowered shares of CBL & Associates Properties from a “neutral” rating to an “underperform” rating and set a $6.50 price target on the stock. in a report on Friday. Wells Fargo & Company lowered shares of CBL & Associates Properties from a “market perform” rating to an “underperform” rating in a report on Friday. Finally, Zacks Investment Research raised shares of CBL & Associates Properties from a “sell” rating to a “hold” rating in a report on Tuesday, August 15th. Four investment analysts have rated the stock with a sell rating, nine have given a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $9.72.

TRADEMARK VIOLATION NOTICE: “CBL & Associates Properties, Inc. (CBL) Plans $0.20 Quarterly Dividend” was originally published by Watch List News and is the property of of Watch List News. If you are viewing this report on another site, it was stolen and republished in violation of U.S. & international copyright & trademark law. The original version of this report can be read at https://www.watchlistnews.com/cbl-associates-properties-inc-cbl-plans-0-20-quarterly-dividend/1677739.html.

CBL & Associates Properties Company Profile

CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.

Dividend History for CBL & Associates Properties (NYSE:CBL)

Receive News & Ratings for CBL & Associates Properties Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for CBL & Associates Properties Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.