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

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

Lineage Stock Up 3.3%

NASDAQ LINE opened at $44.02 on Friday. The stock has a market capitalization of $10.02 billion, a P/E ratio of -70.99 and a beta of 0.88. Lineage has a 52 week low of $31.33 and a 52 week high of $45.69. The company has a debt-to-equity ratio of 0.82, a quick ratio of 0.76 and a current ratio of 0.85. The stock has a fifty day moving average of $40.38 and a 200-day moving average of $37.72.

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 business had revenue of $1.30 billion for the quarter, compared to analyst estimates 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 for the quarter was up .4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.86 earnings per share. On average, equities research analysts forecast that Lineage will post 2.44 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of LINE. Norges Bank bought a new position in Lineage during the fourth quarter worth about $482,255,000. Darlington Partners Capital Management LP raised its position in shares of Lineage by 45.5% during the third quarter. Darlington Partners Capital Management LP now owns 5,132,810 shares of the company’s stock worth $198,332,000 after purchasing an additional 1,605,810 shares during the period. Morgan Stanley raised its holdings in Lineage by 378.6% during the 4th quarter. Morgan Stanley now owns 5,017,332 shares of the company’s stock worth $175,607,000 after buying an additional 3,968,958 shares during the period. Bank of America Corp DE lifted its stake in Lineage by 712.1% in the first quarter. Bank of America Corp DE now owns 3,610,123 shares of the company’s stock valued at $118,268,000 after buying an additional 3,165,593 shares in the last quarter. Finally, Capital Research Global Investors lifted its stake in Lineage by 4.0% in the third quarter. Capital Research Global Investors now owns 3,152,949 shares of the company’s stock valued at $121,830,000 after buying an additional 120,616 shares in the last quarter.

About Lineage

(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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