Franklin Street Properties Corp. (NYSEAMERICAN:FSP) declared a dividend on Friday, July 5th, Fidelity reports. Shareholders of record on Friday, July 19th will be given a dividend of 0.09 per share by the real estate investment trust on Thursday, August 8th. The ex-dividend date of this dividend is Thursday, July 18th.
Franklin Street Properties has decreased its dividend by an average of 15.4% per year over the last three years. Franklin Street Properties has a dividend payout ratio of 37.5% meaning its dividend is sufficiently covered by earnings.
NYSEAMERICAN FSP opened at $7.61 on Tuesday. Franklin Street Properties has a 52 week low of $5.87 and a 52 week high of $9.22.
Several analysts have recently weighed in on the company. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a research report on Wednesday, July 10th. BMO Capital Markets reiterated a “hold” rating and set a $45.00 target price on shares of SAP in a research report on Wednesday, May 1st.
About Franklin Street Properties
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.
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