Phillips Edison & Company, a leading owner and operator of grocery-anchored neighborhood shopping centers, declared a 5.7% increase in monthly dividend distributions.
The Board approved the distribution at a rate of $0.1083 per share of the Company's common stock, equal to $1.30 per share annually.
This marks the fifth consecutive annual dividend distribution increase for PECO.
Monthly Dividend Increase
Board approved a 5.7% increase in monthly dividend distributions.
Annualized Rate
New rate of $1.30 per share annually, up from $1.23 per share.
Stockholder Record Dates
Common stockholders of record on September 15 and October 15 will receive the dividends.
- PECO's strong operating performance and growth of cash flows led to the dividend increase.
- Investment in PECO offers a favorable balance of defense, offense, and growing cash flow for shareholders.
Phillips Edison & Company's consistent growth and value creation demonstrate a positive outlook for shareholders.