Phillips Edison & Company, Inc. (NASDAQ:PECO) Shares to Pay Monthly Dividend of $0.12

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, November 10th. Stockholders of record on Tuesday, February 16th will be given a dividend of $0.1150 per share on Tuesday, March 2nd. This represents a $1.38 annualized dividend and a dividend yield of 3.4%. The ex-dividend date of this dividend is Tuesday, February 16th.

Phillips Edison & Company, Inc. has raised its dividend payment by an average of 0.7% annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a dividend payout ratio of 194.4% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Phillips Edison & Company, Inc. to earn $2.92 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 47.3%.

Phillips Edison & Company, Inc. Stock Performance

Phillips Edison & Company, Inc. stock traded down $0.39 during trading hours on Wednesday, reaching $40.81. 65,710 shares of the company’s stock traded hands, compared to its average volume of 985,122. The firm has a market capitalization of $5.26 billion, a price-to-earnings ratio of 28.36, a PEG ratio of 2.44 and a beta of 0.54. Phillips Edison & Company, Inc. has a fifty-two week low of $34.22 and a fifty-two week high of $44.38. The firm’s 50 day moving average is $38.30 and its 200-day moving average is $39.33.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its quarterly earnings data on Monday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.20). The business had revenue of $193.09 million during the quarter, compared to the consensus estimate of $190.17 million. Phillips Edison & Company, Inc. had a net margin of 23.87% and a return on equity of 6.90%. Phillips Edison & Company, Inc.’s revenue was up 5.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.65 earnings per share. Analysts predict that Phillips Edison & Company, Inc. will post 2.78 EPS for the current year.

Phillips Edison & Company, Inc. Company Profile

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company’s activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.