Broadstone Net Lease, Inc. (BNL) to Issue Quarterly Dividend of $0.29 on July 15th

Broadstone Net Lease, Inc. (NYSE:BNL) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Tuesday, June 30th will be given a dividend of 0.2925 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 5.5%. The ex-dividend date is Tuesday, June 30th.

Broadstone Net Lease has raised its dividend payment by an average of 0.2%annually over the last three years and has increased its dividend every year for the last 4 years. Broadstone Net Lease has a payout ratio of 151.9% 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 research analysts expect Broadstone Net Lease to earn $1.61 per share next year, which means the company should continue to be able to cover its $1.17 annual dividend with an expected future payout ratio of 72.7%.

Broadstone Net Lease Trading Up 0.8%

Shares of BNL opened at $21.18 on Friday. The company has a market cap of $4.06 billion, a price-to-earnings ratio of 32.59 and a beta of 0.95. The business’s fifty day simple moving average is $20.34 and its two-hundred day simple moving average is $19.22. Broadstone Net Lease has a 12 month low of $15.66 and a 12 month high of $21.50.

Broadstone Net Lease (NYSE:BNL) last posted its quarterly earnings results on Wednesday, April 29th. The company reported $0.24 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.06. Broadstone Net Lease had a return on equity of 4.17% and a net margin of 27.01%.The firm had revenue of $121.40 million during the quarter, compared to analysts’ expectations of $118.84 million. Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.570 EPS. As a group, research analysts forecast that Broadstone Net Lease will post 1.52 EPS for the current year.

About Broadstone Net Lease

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.