City Office REIT, Inc. (CIO) Announces $0.24 Quarterly Dividend
City Office REIT, Inc. (NYSE:CIO) announced a quarterly dividend on Monday, December 18th, Wall Street Journal reports. Stockholders of record on Thursday, January 11th will be given a dividend of 0.235 per share by the real estate investment trust on Thursday, January 25th. This represents a $0.94 dividend on an annualized basis and a dividend yield of 7.15%. The ex-dividend date of this dividend is Wednesday, January 10th.
City Office REIT has a dividend payout ratio of 98.9% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Analysts expect City Office REIT to earn $1.11 per share next year, which means the company should continue to be able to cover its $0.94 annual dividend with an expected future payout ratio of 84.7%.
City Office REIT (NYSE:CIO) traded up $0.04 during trading on Monday, hitting $13.15. 178,049 shares of the stock were exchanged, compared to its average volume of 155,281. The company has a current ratio of 3.94, a quick ratio of 3.94 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $396.73, a price-to-earnings ratio of 14.73, a P/E/G ratio of 1.53 and a beta of 0.22. City Office REIT has a one year low of $11.43 and a one year high of $13.93.
City Office REIT Company Profile
City Office REIT, Inc is a real estate investment trust. The Company is focused on acquiring, owning and operating office properties located primarily in metropolitan areas in the Southern and Western United States. It conducts its operations primarily through City Office REIT Operating Partnership, L.P.
Receive News & Ratings for City Office REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City Office REIT and related companies with MarketBeat.com's FREE daily email newsletter.