Industrial Logistics Properties Trust (NASDAQ:ILPT) to Issue $0.01 Quarterly Dividend

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Shareholders of record on Monday, January 27th will be given a dividend of 0.01 per share on Thursday, February 20th. This represents a $0.04 annualized dividend and a yield of 1.03%. The ex-dividend date is Monday, January 27th.

Industrial Logistics Properties Trust has decreased its dividend by an average of 68.8% annually over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings.

Industrial Logistics Properties Trust Trading Up 4.3 %

NASDAQ ILPT opened at $3.88 on Friday. The stock has a 50-day simple moving average of $3.62 and a two-hundred day simple moving average of $4.22. The company has a current ratio of 4.53, a quick ratio of 4.53 and a debt-to-equity ratio of 4.13. Industrial Logistics Properties Trust has a fifty-two week low of $3.15 and a fifty-two week high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last announced its quarterly earnings results on Tuesday, October 29th. The company reported ($0.38) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.50). The company had revenue of $108.95 million during the quarter, compared to analyst estimates of $110.19 million. Industrial Logistics Properties Trust had a negative net margin of 23.33% and a negative return on equity of 9.31%. During the same period in the previous year, the firm posted $0.12 earnings per share.

Industrial Logistics Properties Trust Company Profile

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.