Phillips Edison & Company, Inc. (NASDAQ:PECO) Announces $0.11 Monthly Dividend

Key Points

• Phillips Edison & Company, Inc. has declared a monthly dividend of $0.11 per share, with an annualized yield of 3.7%, payable on November 4th to shareholders of record on October 15th.
• The company's current dividend payout ratio is 173.2%, indicating reliance on its balance sheet to cover dividend payments, although future earnings expectations suggest a more sustainable payout ratio of 45.9%.
• As of the latest report, Phillips Edison & Company, Inc. stock has a market cap of $4.41 billion and a PE ratio of 63.85, with earnings per share expectations set at $2.68 for next year.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) announced a monthly dividend on Tuesday, September 2nd. Shareholders of record on Wednesday, October 15th will be paid a dividend of 0.1083 per share on Tuesday, November 4th. This represents a c) annualized dividend and a yield of 3.6%. The ex-dividend date of this dividend is Wednesday, October 15th.

Phillips Edison & Company, Inc. has a dividend payout ratio of 173.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Phillips Edison & Company, Inc. to earn $2.68 per share next year, which means the company should continue to be able to cover its $1.23 annual dividend with an expected future payout ratio of 45.9%.

Phillips Edison & Company, Inc. Stock Down 1.5%

Shares of NASDAQ PECO traded down $0.53 during midday trading on Monday, hitting $35.62. The stock had a trading volume of 194,473 shares, compared to its average volume of 793,956. The company has a market capitalization of $4.47 billion, a PE ratio of 64.78, a P/E/G ratio of 1.23 and a beta of 0.55. The stock has a 50 day simple moving average of $34.53 and a 200-day simple moving average of $35.13. Phillips Edison & Company, Inc. has a 1 year low of $32.40 and a 1 year high of $40.12.

Phillips Edison & Company, Inc. (NASDAQ:PECO - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.01. The business had revenue of $173.47 million for the quarter, compared to the consensus estimate of $174.38 million. Phillips Edison & Company, Inc. had a return on equity of 2.64% and a net margin of 9.91%.The business's quarterly revenue was up 10.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.59 earnings per share. Phillips Edison & Company, Inc. has set its FY 2025 guidance at 0.610-0.640 EPS. As a group, analysts expect that Phillips Edison & Company, Inc. will post 2.55 earnings per share for the current fiscal year.

About Phillips Edison & Company, Inc.

Phillips Edison & Co, Inc is a real estate investment trust, which engages in the ownership and operation of shopping centers. It also offers an investment management business providing property management and advisory services. Its portfolio consists of well-occupied, grocery-anchored neighborhood and community shopping centers having a mix of national, regional, and local retailers offering necessity-based goods and services.