Phillips Edison & Company Raises Monthly Dividend
Phillips Edison & Company’s Board approved a 6.2% increase to its monthly dividend, raising the rate to $0.115 per share or $1.38 on an annualized basis. The new payout applies to shareholders of record starting in September, with payments beginning October 1. This increase marks the company’s sixth consecutive annual dividend hike and its third consecutive rise above 5%. The move underscores confidence in the operational execution of its grocery-anchored shopping centers.
Key figures
- Monthly dividend per share
- $0.115
- Dividend increase percentage
- 6.2%
- Annualized dividend per share
- $1.38
AI analysis
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