Getty Realty Corporation (GTY) To Go Ex-Dividend on June 25th

Getty Realty Corporation (NYSE:GTY) announced a quarterly dividend on Tuesday, April 21st. Stockholders of record on Thursday, June 25th will be given a dividend of 0.485 per share by the real estate investment trust on Thursday, July 9th. This represents a c) annualized dividend and a dividend yield of 5.9%. The ex-dividend date of this dividend is Thursday, June 25th.

Getty Realty has increased its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend every year for the last 1 years. Getty Realty has a payout ratio of 144.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Getty Realty to earn $2.50 per share next year, which means the company should continue to be able to cover its $1.94 annual dividend with an expected future payout ratio of 77.6%.

Getty Realty Price Performance

Shares of Getty Realty stock opened at $32.80 on Tuesday. The company has a debt-to-equity ratio of 0.92, a current ratio of 2.24 and a quick ratio of 2.24. The company has a market cap of $1.98 billion, a PE ratio of 21.58, a price-to-earnings-growth ratio of 2.70 and a beta of 0.73. The firm has a fifty day moving average price of $33.15 and a two-hundred day moving average price of $31.51. Getty Realty has a fifty-two week low of $25.39 and a fifty-two week high of $34.75.

Getty Realty (NYSE:GTY) last posted its quarterly earnings data on Wednesday, April 22nd. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.34 by $0.09. The company had revenue of $57.84 million for the quarter, compared to the consensus estimate of $58.41 million. Getty Realty had a net margin of 40.06% and a return on equity of 8.76%. The business’s revenue was up 10.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.59 EPS. Getty Realty has set its FY 2026 guidance at 2.500-2.52 EPS. Analysts expect that Getty Realty will post 2.42 EPS for the current year.

About Getty Realty

Getty Realty Corp is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and leasing of service station and convenience retail properties. The company’s portfolio consists primarily of fee-simple and ground-leased sites, which are leased to major national and regional fuel and convenience store operators under long-term, triple-net leases. This structure provides Getty Realty with a stable stream of contractual rental income and limited operational responsibilities.

Founded in 1981, Getty Realty became a publicly listed company in 2005 and trades on the New York Stock Exchange under the ticker symbol GTY.