Phillips Edison & Company, Inc. (PECO) to Issue Monthly Dividend of $0.12 on October 1st

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) announced a monthly dividend on Tuesday, September 1st. Stockholders of record on Tuesday, September 15th will be given a dividend of 0.115 per share on Thursday, October 1st. This represents a c) annualized dividend and a dividend yield of 3.6%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 6.2% increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.11.

Phillips Edison & Company, Inc. has raised its dividend by an average of 0.7%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a dividend payout ratio of 194.4% 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 Phillips Edison & Company, Inc. to earn $2.92 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 47.3%.

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Phillips Edison & Company, Inc. Trading Down 0.8%

PECO opened at $38.41 on Friday. The company has a 50 day moving average of $40.95 and a 200 day moving average of $40.00. The company has a market cap of $4.94 billion, a PE ratio of 33.40, a price-to-earnings-growth ratio of 1.99 and a beta of 0.50. Phillips Edison & Company, Inc. has a 12 month low of $32.98 and a 12 month high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO – Get Free Report) last issued its earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The business had revenue of $189.62 million for the quarter, compared to the consensus estimate of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The company’s revenue was up 6.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Research analysts forecast that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current fiscal year.

About Phillips Edison & Company, Inc.

(Get Free Report)

Phillips Edison & Company, Inc is a self-managed real estate investment trust that owns, operates and develops grocery-anchored shopping centers in the United States. Its properties are generally located in established communities and are designed to provide essential goods and services to local consumers.

The company’s portfolio includes neighborhood and community shopping centers anchored by supermarkets, along with complementary tenants such as restaurants, health and wellness providers, personal services and other retailers.

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