Site Centers Corp. (NYSE:SITC) Declares Special Dividend of $1.00

Key Points

• Site Centers Corp. announced a special dividend of $1.00 per share, payable on November 14th to stockholders of record on October 31st.
• The company's stock price rose by 1.9% to $8.88, with a trading volume of 709,893 shares.
• Site Centers reported quarterly earnings, meeting EPS estimates at $0.16, but experienced a 63.8% decline in revenue year-over-year.

Site Centers Corp. (NYSE:SITC - Get Free Report) announced a special dividend on Tuesday, October 21st. Stockholders of record on Friday, October 31st will be given a dividend of 1.00 per share on Friday, November 14th. The ex-dividend date is Friday, October 31st.

Site Centers Stock Up 1.9%

Site Centers stock traded up $0.16 during midday trading on Tuesday, reaching $8.88. The company's stock had a trading volume of 709,893 shares, compared to its average volume of 999,849. The company has a market cap of $465.82 million, a P/E ratio of 1.31 and a beta of 1.39. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 0.59. The business has a 50-day simple moving average of $9.76 and a 200-day simple moving average of $11.03. Site Centers has a fifty-two week low of $8.42 and a fifty-two week high of $17.30.

Site Centers (NYSE:SITC - Get Free Report) last released its quarterly earnings data on Tuesday, August 5th. The company reported $0.16 EPS for the quarter, meeting analysts' consensus estimates of $0.16. The business had revenue of $30.66 million for the quarter, compared to the consensus estimate of $33.10 million. Site Centers had a return on equity of 36.67% and a net margin of 189.28%.The business's revenue for the quarter was down 63.8% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.27 EPS. On average, research analysts expect that Site Centers will post 3.24 earnings per share for the current fiscal year.

Site Centers Company Profile

SITE Centers is an owner and manager of open-air shopping centers located in suburban, high household income communities. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

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