Lineage, Inc. (NASDAQ:LINE) Plans $0.53 Quarterly Dividend

Lineage, Inc. (NASDAQ:LINE) announced a quarterly dividend on Friday, June 12th. Stockholders of record on Tuesday, June 30th will be paid a dividend of 0.5325 per share on Tuesday, July 21st. This represents a c) annualized dividend and a dividend yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Lineage Stock Up 3.3%

Lineage stock opened at $44.02 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. The stock has a market capitalization of $10.02 billion, a price-to-earnings ratio of -70.99 and a beta of 0.88. Lineage has a 1-year low of $31.33 and a 1-year high of $45.69. The business has a fifty day moving average price of $40.38 and a 200-day moving average price of $37.72.

Lineage (NASDAQ:LINE) last announced its earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share for the quarter, topping the consensus estimate of ($0.23) by $1.01. The firm had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm’s revenue for the quarter was up .4% on a year-over-year basis. During the same period in the previous year, the business earned $0.86 EPS. Equities research analysts forecast that Lineage will post 2.44 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Royal Bank of Canada grew its position in Lineage by 15.2% during the 1st quarter. Royal Bank of Canada now owns 4,956 shares of the company’s stock worth $290,000 after purchasing an additional 653 shares during the period. AQR Capital Management LLC acquired a new position in shares of Lineage in the 1st quarter valued at about $886,000. Millennium Management LLC boosted its stake in shares of Lineage by 197.0% in the first quarter. Millennium Management LLC now owns 288,518 shares of the company’s stock worth $16,916,000 after buying an additional 191,362 shares during the last quarter. Invesco Ltd. boosted its stake in shares of Lineage by 15.5% in the second quarter. Invesco Ltd. now owns 148,086 shares of the company’s stock worth $6,445,000 after buying an additional 19,927 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its holdings in Lineage by 172.4% during the second quarter. EverSource Wealth Advisors LLC now owns 572 shares of the company’s stock worth $25,000 after acquiring an additional 362 shares during the period.

Lineage Company Profile

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.