Regency Centers Corporation (NASDAQ:REG) Declares Dividend Increase – $0.80 Per Share

Regency Centers Corporation (NASDAQ:REG) declared a quarterly dividend on Thursday, November 5th. Stockholders of record on Monday, December 14th will be given a dividend of $0.80 per share on Tuesday, January 5th. This represents a $3.20 annualized dividend and a dividend yield of 4.2%. The ex-dividend date is Monday, December 14th. This is a 6.0% increase from Regency Centers’s previous quarterly dividend of $0.7550.

Regency Centers has a dividend payout ratio of 123.8% meaning 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 Regency Centers to earn $5.08 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 59.4%.

Regency Centers Price Performance

Shares of NASDAQ REG opened at $76.28 on Friday. The firm has a market cap of $13.97 billion, a P/E ratio of 25.86, a price-to-earnings-growth ratio of 4.61 and a beta of 0.80. The business’s 50 day moving average is $73.68 and its 200-day moving average is $76.70. The company has a current ratio of 1.25, a quick ratio of 1.25 and a debt-to-equity ratio of 0.71. Regency Centers has a 1-year low of $66.86 and a 1-year high of $83.66.

About Regency Centers

Regency Centers Corporation is a real estate investment trust that owns, operates, develops and redevelops grocery-anchored shopping centers in the United States. Its properties are designed to serve everyday consumer needs and typically include supermarkets, restaurants, service providers, retailers and other commercial tenants.

The company focuses primarily on high-quality shopping centers located in established and growing communities, often in affluent or densely populated trade areas.