Franklin Street Properties Corp. (FSP) to Issue Quarterly Dividend of $0.01 on February 12th

Franklin Street Properties Corp. (NYSE:FSP) announced a quarterly dividend on Friday, January 9th. Shareholders of record on Friday, January 23rd will be given a dividend of 0.01 per share on Thursday, February 12th. This represents a c) annualized dividend and a yield of 4.5%. The ex-dividend date is Friday, January 23rd.

Franklin Street Properties has decreased its dividend payment by an average of 0.4%annually over the last three years. Franklin Street Properties has a payout ratio of -12.5% meaning 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 Franklin Street Properties to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 36.4%.

Franklin Street Properties Stock Down 1.7%

Franklin Street Properties stock opened at $0.89 on Wednesday. The stock has a 50 day moving average of $0.95 and a two-hundred day moving average of $1.35. Franklin Street Properties has a twelve month low of $0.85 and a twelve month high of $2.09. The stock has a market capitalization of $92.40 million, a price-to-earnings ratio of -1.78 and a beta of 0.97. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38.

About Franklin Street Properties

Franklin Street Properties Corp. is a real estate investment trust that focuses on acquiring, owning and managing single-tenant, net‐leased industrial properties. The company targets mission‐critical facilities, including distribution centers, manufacturing sites and corporate headquarters, structured under long‐term, triple‐net lease agreements. Its strategy emphasizes stable, predictable cash flows by investing in high‐quality industrial assets occupied by creditworthy tenants.

Headquartered in Bethesda, Maryland, Franklin Street Properties serves a national footprint with properties located in key logistics and industrial markets across the continental United States.