Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.11 on December 2nd

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Wednesday, November 5th. Investors of record on Monday, November 17th will be paid a dividend of 0.1083 per share on Tuesday, December 2nd. This represents a c) annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend is Monday, November 17th.

Phillips Edison & Company, Inc. has a dividend payout ratio of 183.1% indicating that 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 Phillips Edison & Company, Inc. to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 48.5%.

Phillips Edison & Company, Inc. Stock Down 0.1%

Phillips Edison & Company, Inc. stock opened at $34.65 on Friday. Phillips Edison & Company, Inc. has a 52-week low of $32.40 and a 52-week high of $40.12. The firm has a market cap of $4.36 billion, a PE ratio of 52.50, a price-to-earnings-growth ratio of 1.50 and a beta of 0.53. The company’s 50 day moving average is $34.48 and its two-hundred day moving average is $34.76.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last posted its quarterly earnings data on Thursday, October 23rd. The company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.44). The company had revenue of $182.67 million for the quarter, compared to analysts’ expectations of $177.19 million. Phillips Edison & Company, Inc. had a return on equity of 3.14% and a net margin of 11.51%.The firm’s revenue was up 10.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.62 EPS. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.620-0.650 EPS. On average, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.