Retail Opportunity Investments Corp (ROIC) Announces Dividend Increase – $0.20 Per Share
Retail Opportunity Investments Corp (NASDAQ:ROIC) announced a quarterly dividend on Thursday, February 22nd, Wall Street Journal reports. Stockholders of record on Thursday, March 15th will be paid a dividend of 0.195 per share by the real estate investment trust on Thursday, March 29th. This represents a $0.78 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date of this dividend is Wednesday, March 14th. This is an increase from Retail Opportunity Investments’s previous quarterly dividend of $0.19.
Shares of Retail Opportunity Investments (NASDAQ:ROIC) opened at $17.72 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 3.23 and a quick ratio of 3.23. The stock has a market cap of $1,981.97, a price-to-earnings ratio of 15.47, a PEG ratio of 2.48 and a beta of 0.63. Retail Opportunity Investments has a 52 week low of $16.21 and a 52 week high of $22.06.
Retail Opportunity Investments (NASDAQ:ROIC) last announced its quarterly earnings data on Wednesday, February 21st. The real estate investment trust reported $0.30 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.29 by $0.01. The firm had revenue of $72.75 million during the quarter, compared to analysts’ expectations of $71.07 million. Retail Opportunity Investments had a net margin of 14.08% and a return on equity of 2.95%. The company’s revenue for the quarter was up 15.3% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 earnings per share. research analysts anticipate that Retail Opportunity Investments will post 1.19 EPS for the current year.
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About Retail Opportunity Investments
Retail Opportunity Investments Corp. (ROIC) is a fully integrated, self-managed real estate investment trust (REIT). The Company specializes in the acquisition, ownership and management of necessity-based community and neighborhood shopping centers on the west coast of the United States, anchored by supermarkets and drugstores.
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