Regency Centers Corporation (NASDAQ:REG – Get Free Report) announced a quarterly dividend on Wednesday, May 6th. Stockholders of record on Friday, June 12th will be given a dividend of 0.755 per share on Thursday, July 2nd. This represents a c) annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, June 12th.
Regency Centers has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 5 consecutive years. Regency Centers has a payout ratio of 123.8% 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 Regency Centers to earn $5.09 per share next year, which means the company should continue to be able to cover its $3.02 annual dividend with an expected future payout ratio of 59.3%.
Regency Centers Price Performance
Shares of NASDAQ:REG opened at $79.55 on Wednesday. The company’s 50-day moving average is $78.13 and its 200 day moving average is $74.63. The company has a debt-to-equity ratio of 0.72, a quick ratio of 2.14 and a current ratio of 2.14. The company has a market capitalization of $14.57 billion, a P/E ratio of 27.43, a price-to-earnings-growth ratio of 3.29 and a beta of 0.81. Regency Centers has a fifty-two week low of $66.86 and a fifty-two week high of $81.66.
Regency Centers Company Profile
Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.
Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.
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