Lineage, Inc. (NASDAQ:LINE) Announces Quarterly Dividend of $0.53

Key Points

• Lineage, Inc. declared a quarterly dividend of $0.53, with shareholders of record on September 30 set to receive the payment on October 21, equating to a 5.0% yield.
• The company's recent earnings report showed a beat on EPS estimates, with $0.81 reported against a consensus of $0.75, and a revenue increase to $1.35 billion.
• Lineage operates as the world's largest temperature-controlled warehouse REIT, maintaining over 480 facilities globally to enhance food supply chain efficiency.

Lineage, Inc. (NASDAQ:LINE - Get Free Report) declared a quarterly dividend on Thursday, September 11th, RTT News reports. Investors of record on Tuesday, September 30th will be paid a dividend of 0.5275 per share on Tuesday, October 21st. This represents a c) annualized dividend and a yield of 5.0%.

Lineage Stock Performance

LINE traded up $0.43 during trading hours on Thursday, hitting $42.39. 1,858,407 shares of the stock were exchanged, compared to its average volume of 1,033,534. The stock has a 50-day simple moving average of $41.92 and a 200-day simple moving average of $48.03. The stock has a market cap of $9.70 billion, a price-to-earnings ratio of -15.19 and a beta of -0.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 0.96 and a quick ratio of 0.83. Lineage has a 12 month low of $38.83 and a 12 month high of $84.86.

Lineage (NASDAQ:LINE - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The company reported $0.81 EPS for the quarter, beating analysts' consensus estimates of $0.75 by $0.06. Lineage had a negative return on equity of 5.76% and a negative net margin of 10.57%.The business had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.33 billion. The company's quarterly revenue was up .9% compared to the same quarter last year. Analysts anticipate that Lineage will post 2.34 earnings per share for the current year.

Lineage Company Profile

Lineage, Inc is the world's largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world's largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.

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