Getty Realty Corporation (GTY) To Go Ex-Dividend on December 26th

Getty Realty Corporation (NYSE:GTY) declared a quarterly dividend on Tuesday, October 21st. Investors of record on Friday, December 26th will be given a dividend of 0.485 per share by the real estate investment trust on Thursday, January 8th. This represents a c) annualized dividend and a yield of 7.0%. The ex-dividend date of this dividend is Friday, December 26th. This is a 3.2% increase from Getty Realty’s previous quarterly dividend of $0.47.

Getty Realty has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend every year for the last 1 years. Getty Realty has a payout ratio of 144.8% 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 Getty Realty to earn $2.34 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 82.9%.

Getty Realty Stock Down 1.4%

Shares of NYSE GTY opened at $27.78 on Wednesday. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 0.93. The business has a 50-day moving average of $27.95 and a 200-day moving average of $27.89. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of 21.70, a PEG ratio of 2.46 and a beta of 0.84. Getty Realty has a 12 month low of $25.39 and a 12 month high of $32.17.

Getty Realty (NYSE:GTY) last announced its earnings results on Wednesday, October 22nd. The real estate investment trust reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.61 by $0.01. Getty Realty had a net margin of 34.76% and a return on equity of 7.60%. The business had revenue of $55.59 million for the quarter, compared to the consensus estimate of $53.19 million. Getty Realty has set its FY 2025 guidance at 2.420-2.430 EPS. Sell-side analysts expect that Getty Realty will post 2.29 earnings per share for the current fiscal year.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.