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

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, April 10th, RTT News reports. Stockholders of record on Tuesday, April 22nd will be paid a dividend of 0.01 per share on Thursday, May 15th. This represents a $0.04 annualized dividend and a dividend yield of 1.47%.

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 payout ratio of 9.5% meaning its dividend is sufficiently covered by earnings.

Industrial Logistics Properties Trust Stock Performance

NASDAQ:ILPT opened at $2.73 on Friday. The company has a quick ratio of 4.53, a current ratio of 4.84 and a debt-to-equity ratio of 4.26. The firm has a 50-day moving average price of $3.62 and a 200 day moving average price of $3.77. The firm has a market capitalization of $180.57 million, a PE ratio of -1.87 and a beta of 1.99. Industrial Logistics Properties Trust has a 12-month low of $2.64 and a 12-month high of $5.45.

Industrial Logistics Properties Trust (NASDAQ:ILPT) last posted its earnings results on Tuesday, February 18th. The company reported $0.13 EPS for the quarter. The business had revenue of $110.52 million during the quarter. Industrial Logistics Properties Trust had a negative return on equity of 8.98% and a negative net margin of 21.63%.

About Industrial Logistics Properties Trust

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.