Duke Realty Corp (DRE) to Issue $0.20 Quarterly Dividend
Duke Realty Corp (NYSE:DRE) declared a quarterly dividend on Wednesday, January 31st, RTT News reports. Stockholders of record on Thursday, February 15th will be paid a dividend of 0.20 per share by the real estate investment trust on Wednesday, February 28th. This represents a $0.80 annualized dividend and a dividend yield of 3.16%. The ex-dividend date is Wednesday, February 14th.
Duke Realty has increased its dividend by an average of 4.2% per year over the last three years and has raised its dividend annually for the last 3 consecutive years. Duke Realty has a payout ratio of 64.5% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Duke Realty to earn $1.36 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 58.8%.
Duke Realty (NYSE DRE) opened at $25.30 on Tuesday. Duke Realty has a fifty-two week low of $24.48 and a fifty-two week high of $30.14. The company has a market cap of $9,035.29, a P/E ratio of 20.46, a PEG ratio of 4.58 and a beta of 0.77. The company has a current ratio of 4.43, a quick ratio of 3.23 and a debt-to-equity ratio of 0.53.
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About Duke Realty
Duke Realty Corporation is a self-managed real estate investment trust (REIT). The Company and Duke Realty Limited Partnership collectively specialize in the ownership, management and development of bulk distribution (industrial) and medical office real estate. It operates through three segments, the first two of which consist of the ownership and rental of industrial and medical office real estate investments.
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