SITE Centers Corp. (SITC) Declares $0.20 Quarterly Dividend

SITE Centers Corp. (NASDAQ:SITC) announced a quarterly dividend on Wednesday, November 14th, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.20 per share on Friday, January 4th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 6.22%. The ex-dividend date is Thursday, December 13th.

Shares of NASDAQ:SITC traded down $0.17 during trading on Friday, reaching $12.87. 2,226,115 shares of the stock traded hands, compared to its average volume of 2,383,596. SITE Centers has a 52-week low of $10.95 and a 52-week high of $15.08.

SITE Centers (NASDAQ:SITC) last posted its quarterly earnings results on Wednesday, October 24th. The company reported ($0.09) EPS for the quarter, missing the Zacks’ consensus estimate of $0.01 by ($0.10). The firm had revenue of $128.98 million for the quarter, compared to analysts’ expectations of $149.46 million. During the same quarter last year, the firm posted $0.30 EPS. The firm’s revenue was down 41.4% on a year-over-year basis.

Separately, Capital One Financial upgraded shares of SITE Centers from an “equal weight” rating to an “overweight” rating in a research report on Friday, November 30th.

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SITE Centers Company Profile

SITE is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

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