dividend
confidence high
sentiment positive
materiality 0.65
Phillips Edison increases monthly dividend 4.5% to $0.0975 per share
Phillips Edison & Company, Inc.
- Monthly distribution raised 4.5% to $0.0975 per share; annualized rate now $1.17 per share.
- Record dates: Sept 15, 2023 and Oct 16, 2023; payable Oct 2, 2023 and Nov 1, 2023.
- CEO cites strong operating performance and cash flow growth for the increase.
- Operating partnership unit holders receive same rate subject to tax withholding.