Terreno Realty Co. Plans Quarterly Dividend of $0.22 (TRNO)
Terreno Realty Co. (NYSE:TRNO) declared a quarterly dividend on Thursday, February 8th, Wall Street Journal reports. Stockholders of record on Wednesday, March 28th will be paid a dividend of 0.22 per share by the real estate investment trust on Thursday, April 12th. This represents a $0.88 annualized dividend and a dividend yield of 2.72%. The ex-dividend date of this dividend is Tuesday, March 27th.
Terreno Realty has increased its dividend payment by an average of 14.9% per year over the last three years and has raised its dividend every year for the last 5 years. Terreno Realty has a payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings decline. Equities research analysts expect Terreno Realty to earn $1.24 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 71.0%.
Shares of Terreno Realty (NYSE TRNO) traded up $0.27 on Friday, hitting $32.37. The stock had a trading volume of 106,143 shares, compared to its average volume of 279,955. Terreno Realty has a one year low of $26.48 and a one year high of $38.54. The company has a debt-to-equity ratio of 0.47, a quick ratio of 4.87 and a current ratio of 4.87. The company has a market cap of $1,846.57, a price-to-earnings ratio of 41.82, a price-to-earnings-growth ratio of 2.68 and a beta of 0.73.
Terreno Realty Company Profile
Terreno Realty Corporation acquires, owns and operates industrial real estate in coastal markets in the United States, such as Los Angeles, Northern New Jersey/New York City, San Francisco Bay Area, Seattle, Miami and Washington, District of Columbia (DC)/Baltimore. The Company invests in a range of industrial real estate, including warehouse/distribution, flex (including light industrial and research and development) and trans-shipment.
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