Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) announced a monthly dividend on Tuesday, April 30th, Zacks reports. Stockholders of record on Wednesday, May 15th will be given a dividend of 0.097 per share on Tuesday, June 4th. This represents a $1.16 annualized dividend and a dividend yield of 3.51%. The ex-dividend date of this dividend is Tuesday, May 14th.
Phillips Edison & Company, Inc. has a dividend payout ratio of 195.0% indicating that 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 Phillips Edison & Company, Inc. to earn $2.52 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 46.4%.
Phillips Edison & Company, Inc. Stock Up 1.5 %
Shares of PECO traded up $0.48 during midday trading on Thursday, hitting $33.15. The company had a trading volume of 43,436 shares, compared to its average volume of 617,585. The company’s 50 day moving average price is $34.52 and its 200 day moving average price is $35.02. The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 71.02, a PEG ratio of 3.87 and a beta of 0.59. Phillips Edison & Company, Inc. has a 52 week low of $27.85 and a 52 week high of $37.92.
Analyst Upgrades and Downgrades
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Phillips Edison & Company, Inc. Company Profile
Phillips Edison & Company, Inc (PECO) is one of the nation's largest owners and operators of omni-channel grocery-anchored shopping centers. Founded in 1991, PECO has generated strong results through its vertically-integrated operating platform and national footprint of well-occupied shopping centers.
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