CTO Realty Growth, Inc. (NYSE:CTO) to Issue Quarterly Dividend of $0.38

Key Points

• CTO Realty Growth declared a quarterly dividend of $0.38 per share, payable September 30 to shareholders of record as of September 10. The annualized dividend is $1.52 per share, yielding approximately 6.9%.
• The dividend currently exceeds earnings coverage, with a payout ratio of 633.3%; however, analysts expect next year’s earnings to support a more sustainable estimated payout ratio of 66.1%.
• CTO reported quarterly earnings of $0.38 per share, well above the $0.10 analyst consensus, on revenue of $43.83 million versus $42.31 million expected. Shares opened at $22.00, near their 52-week high of $22.71.

CTO Realty Growth, Inc. (NYSE:CTO - Get Free Report) declared a quarterly dividend on Tuesday, August 18th. Stockholders of record on Thursday, September 10th will be given a dividend of 0.38 per share on Wednesday, September 30th. This represents a c) dividend on an annualized basis and a dividend yield of 6.9%. The ex-dividend date is Thursday, September 10th.

CTO Realty Growth has decreased its dividend payment by an average of 0.2%annually over the last three years. CTO Realty Growth has a dividend payout ratio of 633.3% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect CTO Realty Growth to earn $2.30 per share next year, which means the company should continue to be able to cover its $1.52 annual dividend with an expected future payout ratio of 66.1%.

CTO Realty Growth Price Performance

Shares of NYSE:CTO opened at $22.00 on Thursday. The company has a debt-to-equity ratio of 0.99, a current ratio of 8.69 and a quick ratio of 8.69. CTO Realty Growth has a one year low of $15.06 and a one year high of $22.71. The company has a market cap of $824.74 million, a price-to-earnings ratio of 16.18 and a beta of 0.60. The firm has a 50 day simple moving average of $21.59 and a 200 day simple moving average of $20.22.

CTO Realty Growth (NYSE:CTO - Get Free Report) last issued its quarterly earnings data on Tuesday, July 28th. The company reported $0.38 earnings per share for the quarter, topping analysts' consensus estimates of $0.10 by $0.28. The business had revenue of $43.83 million for the quarter, compared to analyst estimates of $42.31 million. CTO Realty Growth had a return on equity of 8.90% and a net margin of 32.63%.CTO Realty Growth has set its FY 2026 guidance at 2.210-2.250 EPS. Research analysts predict that CTO Realty Growth will post 2.12 earnings per share for the current fiscal year.

CTO Realty Growth Company Profile

CTO Realty Growth, Inc is a publicly traded real estate investment trust (REIT) that specializes in single-tenant net lease properties. The company's primary focus is on acquiring, owning and managing retail assets leased to creditworthy operators under long-term, triple-net lease agreements. By targeting essential retail segments, CTO Realty Growth seeks to generate stable, inflation-protected income streams while maintaining a disciplined investment approach.

The REIT's portfolio is concentrated in convenience store and fuel service locations, with additional assets in other retail categories where net lease structures prevail.

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