BXP, Inc. (NYSE:BXP) to Issue $0.70 Quarterly Dividend

Key Points

• BXP announced a quarterly dividend of $0.70 per share (ex-dividend and record date: March 31), payable April 30, which implies an annualized yield of about 5.3%.
• The company currently has a reported payout ratio of 147.4%, meaning dividends aren’t covered by current earnings and are being supported by the balance sheet, though analysts project $7.27 in EPS next year that would lower the expected payout ratio to ~38.5% and cover the $2.80 annual dividend.
• Shares were down about 1%, with a market cap of $8.4 billion, a P/E of 30.44, a 12‑month range of $49.72–$79.33, and a debt-to-equity ratio of 2.21.

BXP, Inc. (NYSE:BXP - Get Free Report) announced a quarterly dividend on Wednesday, March 18th. Investors of record on Tuesday, March 31st will be given a dividend of 0.70 per share by the real estate investment trust on Thursday, April 30th. This represents a c) dividend on an annualized basis and a yield of 5.3%. The ex-dividend date of this dividend is Tuesday, March 31st.

BXP has decreased its dividend payment by an average of 0.0%annually over the last three years. BXP has a dividend payout ratio of 147.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect BXP to earn $7.27 per share next year, which means the company should continue to be able to cover its $2.80 annual dividend with an expected future payout ratio of 38.5%.

BXP Trading Down 1.0%

Shares of BXP opened at $52.96 on Thursday. The stock has a market capitalization of $8.40 billion, a P/E ratio of 30.44, a PEG ratio of 2.28 and a beta of 1.01. BXP has a twelve month low of $49.72 and a twelve month high of $79.33. The company has a quick ratio of 5.36, a current ratio of 5.36 and a debt-to-equity ratio of 2.21. The firm has a fifty day simple moving average of $61.16 and a two-hundred day simple moving average of $68.16.

About BXP

Boston Properties, Inc NYSE: BXP is a publicly traded real estate investment trust (REIT) specializing in the ownership, management, and development of Class A office properties across major U.S. markets. Headquartered in Boston, Massachusetts, the company's portfolio comprises high-quality office buildings, mixed-use developments and select retail assets designed to serve leading corporations in key metropolitan areas.

Established in 1970 by Mortimer B. Zuckerman, Boston Properties has grown through disciplined acquisitions and strategic ground-up developments.

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