Broadstone Net Lease, Inc. (BNL) To Go Ex-Dividend on March 31st

Broadstone Net Lease, Inc. (NYSE:BNL) announced a quarterly dividend on Friday, February 13th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.2925 per share on Wednesday, April 15th. This represents a c) dividend on an annualized basis and a yield of 6.3%. The ex-dividend date is Tuesday, March 31st. This is a 0.9% increase from Broadstone Net Lease’s previous quarterly dividend of $0.29.

Broadstone Net Lease has raised its dividend by an average of 0.2%per year over the last three years and has raised its dividend annually for the last 4 consecutive years. Broadstone Net Lease has a payout ratio of 151.9% 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 Broadstone Net Lease to earn $1.45 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 80.7%.

Broadstone Net Lease Trading Down 0.9%

Broadstone Net Lease stock opened at $18.49 on Friday. The firm has a market capitalization of $3.54 billion, a P/E ratio of 36.99 and a beta of 0.99. The stock’s fifty day simple moving average is $19.01 and its 200-day simple moving average is $18.39. Broadstone Net Lease has a twelve month low of $13.96 and a twelve month high of $19.91.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.20). Broadstone Net Lease had a return on equity of 3.17% and a net margin of 21.25%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. Sell-side analysts predict that Broadstone Net Lease will post 1.43 earnings per share for the current year.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.