Regency Centers Corporation (NASDAQ:REG) Announces $0.71 Quarterly Dividend

Key Points

• Regency Centers Corporation has announced a quarterly dividend of $0.71 per share, to be paid to shareholders on October 2nd after record date September 11th, representing an annual yield of 3.8%.
• The company currently has a dividend payout ratio of 115.6%, indicating reliance on its balance sheet to meet its dividend commitments.
• Regency Centers reported $1.16 earnings per share for the last quarter, exceeding analysts' expectations, with revenues of $369.85 million reflecting a 6.6% increase year-over-year.

Regency Centers Corporation (NASDAQ:REG - Get Free Report) announced a quarterly dividend on Wednesday, August 6th, RTT News reports. Shareholders of record on Thursday, September 11th will be paid a dividend of 0.705 per share on Thursday, October 2nd. This represents a c) annualized dividend and a yield of 3.8%.

Regency Centers has a dividend payout ratio of 115.6% indicating that 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 Regency Centers to earn $4.67 per share next year, which means the company should continue to be able to cover its $2.82 annual dividend with an expected future payout ratio of 60.4%.

Regency Centers Trading Down 0.0%

NASDAQ:REG traded down $0.03 on Wednesday, hitting $73.79. 190,093 shares of the stock were exchanged, compared to its average volume of 1,088,380. The stock has a market capitalization of $13.39 billion, a price-to-earnings ratio of 34.48, a P/E/G ratio of 3.46 and a beta of 1.05. Regency Centers has a 52 week low of $63.44 and a 52 week high of $78.18. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.01 and a current ratio of 1.13. The company's 50-day moving average price is $70.93 and its 200 day moving average price is $71.84.

Regency Centers (NASDAQ:REG - Get Free Report) last announced its quarterly earnings data on Tuesday, July 29th. The company reported $1.16 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.04. The firm had revenue of $369.85 million during the quarter, compared to analysts' expectations of $366.35 million. Regency Centers had a return on equity of 6.05% and a net margin of 27.00%. The company's quarterly revenue was up 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.06 EPS. On average, equities research analysts forecast that Regency Centers will post 4.54 earnings per share for the current year.

About Regency Centers

Regency Centers is a preeminent national owner, operator, and developer of shopping centers located in suburban trade areas with compelling demographics. Our portfolio includes thriving properties merchandised with highly productive grocers, restaurants, service providers, and best-in-class retailers that connect to their neighborhoods, communities, and customers.

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