Phillips Edison & Company, Inc. (NASDAQ:PECO) to Issue Monthly Dividend of $0.12

Phillips Edison & Company, Inc. (NASDAQ:PECO) declared a monthly dividend on Tuesday, November 10th. Investors of record on Tuesday, December 15th will be given a dividend of $0.1150 per share on Tuesday, January 5th. This represents a $1.38 annualized dividend and a yield of 3.4%. The ex-dividend date of this dividend is Tuesday, December 15th.

Phillips Edison & Company, Inc. has raised its dividend by an average of 0.7% per year over the last three years and has increased its dividend every year for the last 1 years. Phillips Edison & Company, Inc. has a payout ratio of 194.4% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Phillips Edison & Company, Inc. to earn $2.92 per share next year, which means the company should continue to be able to cover its $1.38 annual dividend with an expected future payout ratio of 47.3%.

Phillips Edison & Company, Inc. Stock Down 1.0%

NASDAQ PECO traded down $0.41 during trading hours on Wednesday, hitting $40.78. 44,063 shares of the company were exchanged, compared to its average volume of 984,987. The stock has a 50-day moving average price of $38.30 and a 200 day moving average price of $39.33. Phillips Edison & Company, Inc. has a 52 week low of $34.22 and a 52 week high of $44.38. The stock has a market cap of $5.26 billion, a PE ratio of 28.33, a price-to-earnings-growth ratio of 2.44 and a beta of 0.54.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last issued its quarterly earnings data on Monday, October 26th. The company reported $0.49 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.20). The company had revenue of $193.09 million for the quarter, compared to analysts’ expectations of $190.17 million. Phillips Edison & Company, Inc. had a net margin of 23.87% and a return on equity of 6.90%. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same quarter last year, the company earned $0.65 earnings per share. As a group, sell-side analysts anticipate that Phillips Edison & Company, Inc. will post 2.78 earnings per share for the current year.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc. is a real estate investment trust (REIT) that owns and operates grocery-anchored shopping centers. Its properties are designed to serve local communities, with grocery stores alongside retailers and service providers that meet everyday needs. The company’s activities include leasing and managing its centers, as well as acquiring and improving properties. Its portfolio spans markets across the United States. Founded in 1991, Phillips Edison is headquartered in Cincinnati, Ohio.