Phillips Edison & Company, Inc. (NASDAQ:PECO) to Issue $0.11 Monthly Dividend

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, May 12th. Stockholders of record on Wednesday, July 15th will be paid a dividend of 0.1083 per share on Tuesday, August 4th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Wednesday, July 15th.

Phillips Edison & Company, Inc. has increased its dividend payment by an average of 0.7%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a dividend payout ratio of 183.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Phillips Edison & Company, Inc. to earn $2.89 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 45.0%.

Phillips Edison & Company, Inc. Price Performance

Shares of PECO traded down $0.30 on Wednesday, hitting $39.35. The company’s stock had a trading volume of 265,205 shares, compared to its average volume of 893,660. The company has a market capitalization of $4.95 billion, a PE ratio of 42.77, a PEG ratio of 1.02 and a beta of 0.54. Phillips Edison & Company, Inc. has a fifty-two week low of $32.84 and a fifty-two week high of $40.71. The company has a 50 day moving average price of $38.54 and a 200 day moving average price of $36.75.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last announced its earnings results on Thursday, April 23rd. The company reported $0.24 EPS for the quarter, missing the consensus estimate of $0.67 by ($0.43). Phillips Edison & Company, Inc. had a return on equity of 4.46% and a net margin of 15.61%.The business had revenue of $190.74 million during the quarter, compared to analyst estimates of $184.91 million. During the same period in the previous year, the firm earned $0.65 earnings per share. The firm’s revenue was up 6.9% compared to the same quarter last year. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.790-0.810 EPS. On average, equities analysts forecast that Phillips Edison & Company, Inc. will post 2.75 EPS for the current year.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.