SL Green Realty Corporation (NYSE:SLG – Get Free Report) declared a quarterly dividend on Wednesday, June 17th. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.6175 per share by the real estate investment trust on Wednesday, July 15th. This represents a c) annualized dividend and a yield of 5.1%. The ex-dividend date is Tuesday, June 30th.
SL Green Realty has decreased its dividend payment by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. SL Green Realty has a dividend payout ratio of -254.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect SL Green Realty to earn $4.84 per share next year, which means the company should continue to be able to cover its $2.47 annual dividend with an expected future payout ratio of 51.0%.
SL Green Realty Stock Performance
SL Green Realty stock opened at $48.88 on Thursday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 3.03 and a current ratio of 3.03. The stock has a fifty day moving average of $44.19 and a two-hundred day moving average of $43.03. The company has a market capitalization of $3.49 billion, a price-to-earnings ratio of -19.47 and a beta of 1.61. SL Green Realty has a fifty-two week low of $34.77 and a fifty-two week high of $66.29.
About SL Green Realty
SL Green Realty Corp. (NYSE: SLG) is a publicly traded real estate investment trust (REIT) focused primarily on the acquisition, management and development of commercial office properties in Manhattan. As one of New York City’s largest office landlords, the company’s portfolio includes Class A office buildings and mixed-use projects located in prime Midtown and Downtown submarkets. SL Green generates revenue through leasing office space to a diverse mix of tenants spanning financial services, technology, media and professional services firms.
Founded in 1980 by real estate investor Stephen L.
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