JBG SMITH Properties (NYSE:JBGS) to Issue Quarterly Dividend of $0.17

JBG SMITH Properties (NYSE:JBGS) announced a quarterly dividend on Thursday, October 29th. Stockholders of record on Thursday, November 12th will be paid a dividend of $0.1750 per share on Wednesday, November 25th. This represents a $0.70 dividend on an annualized basis and a dividend yield of 5.8%. The ex-dividend date is Thursday, November 12th.

JBG SMITH Properties has a payout ratio of -36.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

JBG SMITH Properties Price Performance

Shares of JBGS opened at $12.06 on Friday. The company has a debt-to-equity ratio of 2.35, a current ratio of 4.89 and a quick ratio of 4.89. The company has a market capitalization of $706.37 million, a price-to-earnings ratio of -4.62 and a beta of 1.11. The business has a 50-day moving average of $11.30 and a 200-day moving average of $14.01. JBG SMITH Properties has a 1 year low of $9.93 and a 1 year high of $20.18.

About JBG SMITH Properties

JBG SMITH Properties is a real estate investment trust that owns, operates and develops mixed-use properties in the Washington, DC, metropolitan area. Its portfolio includes multifamily residential communities, office buildings and retail properties, with a focus on urban, transit-oriented locations.

The company has a particularly significant presence in National Landing, which encompasses parts of Arlington and Alexandria, Virginia. JBG SMITH’s activities in the area include the development and redevelopment of large mixed-use projects featuring apartments, offices, retail space and public amenities.