Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW) Plans Quarterly Dividend of $0.16

Key Points

• Strawberry Fields REIT, Inc. declared a quarterly dividend of $0.16 per share, with stockholders of record set to receive payment on September 30th.
• The company has a \textbf{107.7% payout ratio}, indicating it cannot cover its dividends with earnings alone, relying on its balance sheet.
• Strawberry Fields REIT operates 109 healthcare facilities across several states, focusing on skilled nursing and healthcare-related properties.

Strawberry Fields REIT, Inc. (NYSEAMERICAN:STRW - Get Free Report) declared a quarterly dividend on Thursday, August 7th. Stockholders of record on Tuesday, September 16th will be paid a dividend of 0.16 per share on Tuesday, September 30th. This represents a c) annualized dividend and a dividend yield of 5.4%. The ex-dividend date of this dividend is Tuesday, September 16th.

Strawberry Fields REIT has a payout ratio of 107.7% 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 Strawberry Fields REIT to earn $1.26 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 44.4%.

Strawberry Fields REIT Stock Performance

Shares of NYSEAMERICAN STRW opened at $11.85 on Friday. The stock has a market cap of $153.93 million, a PE ratio of 19.75, a price-to-earnings-growth ratio of 1.18 and a beta of 0.39. Strawberry Fields REIT has a fifty-two week low of $8.70 and a fifty-two week high of $12.90. The stock has a fifty day moving average of $10.93 and a 200-day moving average of $10.96.

Strawberry Fields REIT Company Profile

Strawberry Fields REIT, Inc, is a self-administered real estate investment trust engaged in the ownership, acquisition, development and leasing of skilled nursing and certain other healthcare-related properties. The Company's portfolio includes 109 healthcare facilities with an aggregate of 12,449 bed, located throughout the states of Arkansas, Illinois, Indiana, Kentucky, Michigan, Ohio, Oklahoma, Tennessee and Texas.

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