dividend
confidence high
sentiment positive
materiality 0.55
Phillips Edison & Company raises monthly dividend 5.1% to $0.1025 per share
Phillips Edison & Company, Inc.
- New monthly distribution of $0.1025 annualizes to $1.23, a 5.1% increase from prior $1.17 annual rate.
- September and October distributions payable October 1 and November 1, 2024.
- Record dates: September 16 and October 15, 2024.
- CEO Jeff Edison attributes increase to strong operating performance and cash flow growth.
- Operating partnership unit holders receive same per-unit rate, subject to tax withholding.