Phillips Edison & Company, Inc. (NASDAQ:PECO) Plans Monthly Dividend of $0.12

Key Points

• Phillips Edison declared a monthly dividend of $0.115 per share, up 6.2% from $0.11, with a 3.5% annualized yield. Shareholders of record on September 15 will be paid on October 1.
• The current dividend payout ratio is elevated at 183.1%, indicating earnings alone do not presently cover the payout. However, analysts expect a future payout ratio of approximately 44.5% based on projected earnings.
• Phillips Edison’s latest quarterly earnings of $0.33 per share missed the $0.68 consensus estimate, although revenue increased 6.7% year over year to $189.62 million.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) declared a monthly dividend on Tuesday, September 1st. Shareholders of record on Tuesday, September 15th will be paid a dividend of 0.115 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a yield of 3.5%. 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 increased its dividend payment by an average of 0.7%per year 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 183.1% 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 Phillips Edison & Company, Inc. to earn $2.92 per share next year, which means the company should continue to be able to cover its $1.30 annual dividend with an expected future payout ratio of 44.5%.

Phillips Edison & Company, Inc. Price Performance

Shares of Phillips Edison & Company, Inc. stock traded down $0.02 during trading on Wednesday, hitting $38.90. 35,181 shares of the company were exchanged, compared to its average volume of 925,453. The firm has a market capitalization of $5.01 billion, a P/E ratio of 33.81, a price-to-earnings-growth ratio of 2.00 and a beta of 0.50. The firm's fifty day moving average price is $41.45 and its 200 day moving average price is $39.98. Phillips Edison & Company, Inc. has a 1-year low of $32.98 and a 1-year high of $44.38.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last announced its quarterly earnings results on Thursday, July 23rd. The company reported $0.33 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.35). Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The firm had revenue of $189.62 million during the quarter, compared to analyst estimates of $187.46 million. During the same quarter in the prior year, the business earned $0.64 earnings per share. The business's revenue was up 6.7% on a year-over-year basis. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. As a group, equities research analysts anticipate that Phillips Edison & Company, Inc. will post 2.77 earnings per share for the current year.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company's investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.

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