Alpine Income Property Trust, Inc. (NYSE:PINE) Announces Quarterly Dividend of $0.29

Key Points

• Alpine Income Property Trust, Inc. declared a quarterly dividend of $0.29, with an annual yield of 7.7%, payable to investors of record on September 11th.
• The company has a significantly high payout ratio of 3,800.0%, indicating reliance on its balance sheet for dividend payments rather than earnings.
• As of the latest trading, NYSE:PINE increased by 2.8% to $14.8760, with a market cap of approximately $210.64 million.

Alpine Income Property Trust, Inc. (NYSE:PINE - Get Free Report) declared a quarterly dividend on Tuesday, August 19th, RTT News reports. Investors of record on Thursday, September 11th will be paid a dividend of 0.285 per share on Tuesday, September 30th. This represents a c) annualized dividend and a yield of 7.7%.

Alpine Income Property Trust has a payout ratio of 3,800.0% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Alpine Income Property Trust to earn $1.73 per share next year, which means the company should continue to be able to cover its $1.14 annual dividend with an expected future payout ratio of 65.9%.

Alpine Income Property Trust Trading Up 2.8%

NYSE:PINE traded up $0.4060 on Tuesday, reaching $14.8760. The stock had a trading volume of 80,724 shares, compared to its average volume of 81,880. Alpine Income Property Trust has a 12-month low of $13.95 and a 12-month high of $19.42. The company has a market cap of $210.64 million, a price-to-earnings ratio of 8.18, a P/E/G ratio of 1.37 and a beta of 0.63. The firm's fifty day moving average is $14.61 and its two-hundred day moving average is $15.49. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.85 and a quick ratio of 0.85.

Alpine Income Property Trust Company Profile

Alpine Income Property Trust, Inc NYSE: PINE is a publicly traded real estate investment trust that seeks to deliver attractive risk-adjusted returns and dependable cash dividends by investing in, owning and operating a portfolio of single tenant net leased properties that are predominately leased to high-quality publicly traded and credit-rated tenants.

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