Phillips Edison & Company, Inc. (PECO) To Go Ex-Dividend on September 15th

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a monthly dividend on Tuesday, September 1st. Investors of record on Tuesday, September 15th will be paid a dividend of 0.115 per share on Thursday, October 1st. This represents a c) dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date of this dividend is Tuesday, September 15th. This is a 6.2% increase from Phillips Edison & Company, Inc.’s previous monthly dividend of $0.11.

Phillips Edison & Company, Inc. has increased its dividend payment by an average of 0.7%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Phillips Edison & Company, Inc. has a payout ratio of 183.1% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 $1.30 annual dividend with an expected future payout ratio of 44.5%.

Phillips Edison & Company, Inc. Stock Up 0.7%

Shares of PECO stock opened at $39.21 on Thursday. The business has a 50 day moving average of $41.39 and a two-hundred day moving average of $39.99. Phillips Edison & Company, Inc. has a 52 week low of $32.98 and a 52 week high of $44.38. The company has a market cap of $5.05 billion, a P/E ratio of 34.10, a PEG ratio of 2.01 and a beta of 0.50.

Phillips Edison & Company, Inc. (NASDAQ:PECO) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.33 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.35). The company had revenue of $189.62 million for the quarter, compared to analyst estimates of $187.46 million. Phillips Edison & Company, Inc. had a net margin of 19.14% and a return on equity of 5.52%. The company’s revenue for the quarter was up 6.7% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.64 EPS. Phillips Edison & Company, Inc. has set its FY 2026 guidance at 0.950-0.970 EPS. Analysts expect that Phillips Edison & Company, Inc. will post 2.77 EPS for the current fiscal year.

About Phillips Edison & Company, Inc.

Phillips Edison & Company, Inc is a publicly traded real estate investment trust (REIT) that specializes in the acquisition, ownership and operation of grocery-anchored, necessity-based shopping centers. The company’s investment strategy is centered on properties that benefit from everyday consumer demand, seeking to deliver stable cash flows through long-term, triple-net leases with national and regional tenants in the grocery, drugstore and essential retail sectors.

In addition to its core retail portfolio, Phillips Edison & Company provides integrated services covering property management, asset management, leasing, development and acquisition sourcing.