Lineage, Inc. (NASDAQ:LINE) Announces $0.53 Quarterly Dividend

Lineage, Inc. (NASDAQ:LINEGet Free Report) declared a quarterly dividend on Friday, June 12th. Investors of record on Tuesday, June 30th will be paid a dividend of 0.5325 per share on Tuesday, July 21st. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Tuesday, June 30th.

Lineage Stock Up 3.3%

Lineage stock opened at $44.02 on Friday. The company has a debt-to-equity ratio of 0.82, a current ratio of 0.85 and a quick ratio of 0.76. Lineage has a fifty-two week low of $31.33 and a fifty-two week high of $45.69. The firm has a fifty day moving average price of $40.38 and a two-hundred day moving average price of $37.72. The firm has a market cap of $10.02 billion, a price-to-earnings ratio of -70.99 and a beta of 0.88.

Lineage (NASDAQ:LINEGet Free Report) last issued its quarterly earnings results on Wednesday, May 6th. The company reported $0.78 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.23) by $1.01. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. Lineage had a negative return on equity of 1.56% and a negative net margin of 2.72%.The firm’s revenue was up .4% compared to the same quarter last year. During the same period last year, the business posted $0.86 earnings per share. As a group, analysts forecast that Lineage will post 2.44 earnings per share for the current year.

Lineage Company Profile

(Get Free Report)

Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.

Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.

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Dividend History for Lineage (NASDAQ:LINE)

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