RPT Realty Announces Quarterly Dividend of $0.22 (NYSE:RPT)
RPT Realty (NYSE:RPT) announced a quarterly dividend on Monday, April 29th, Zacks reports. Stockholders of record on Thursday, June 20th will be given a dividend of 0.22 per share by the real estate investment trust on Monday, July 1st. This represents a $0.88 annualized dividend and a dividend yield of 6.83%. The ex-dividend date of this dividend is Wednesday, June 19th.
RPT Realty has raised its dividend payment by an average of 2.8% per year over the last three years. RPT Realty has a payout ratio of 63.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect RPT Realty to earn $1.09 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 80.7%.
Shares of RPT stock traded up $0.05 during trading hours on Tuesday, hitting $12.89. The company had a trading volume of 2,341 shares, compared to its average volume of 456,141. The business’s fifty day moving average is $12.55. The company has a quick ratio of 1.71, a current ratio of 1.71 and a debt-to-equity ratio of 1.32. RPT Realty has a fifty-two week low of $11.26 and a fifty-two week high of $14.42. The firm has a market capitalization of $1.02 billion, a PE ratio of 9.57, a PEG ratio of 212.35 and a beta of 0.69.
Separately, Zacks Investment Research upgraded shares of RPT Realty from a “sell” rating to a “hold” rating in a report on Saturday, May 11th.
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RPT Realty Company Profile
RPT Realty owns and operates a national portfolio of open-air shopping destinations principally located in top U.S. markets. The Company's locally-curated consumer experiences reflect the lifestyles of its diverse neighborhoods and match the modern expectations of its retail partners. The Company is a fully integrated and self-administered REIT publicly traded on the New York Stock Exchange under the ticker symbol RPT.
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