Phillips Edison & Company Updates On Dividends And Meeting Results
Phillips Edison & Company Announces Monthly Dividend Details
CINCINNATI — Phillips Edison & Company, Inc. (NASDAQ: PECO), a leading owner and operator of high-quality, grocery-anchored neighborhood shopping centers, has declared its upcoming monthly dividend distributions. Each share of common stock will receive a distribution of $0.1025, payable on designated dates in the coming months to stockholders of record on specific prior dates.
These dividends are part of PECO’s ongoing commitment to deliver consistent returns to its investors. Additionally, unit holders in operating partnerships will receive distributions at the same rate as common stockholders, subject to tax withholding where necessary.
Highlights from the Annual Stockholders Meeting
Earlier today, PECO convened its annual stockholders meeting in a virtual format. This meeting was significant for the company, as stockholders voted to elect all of PECO's directors for one-year terms. The board members include industry professionals like Jeffrey S. Edison, Leslie T. Chao, and Elizabeth O. Fischer, among others.
Stockholders also had the opportunity to approve a non-binding advisory resolution addressing the compensation of PECO’s named executive officers. This reflects the company’s efforts to maintain transparency and align executive compensation with performance. Furthermore, Deloitte & Touche LLP was ratified as the company's independent registered public accounting firm for the year.
Company Overview and Market Position
Founded in 1991, Phillips Edison & Company has established itself as one of the largest firms in its sector. With a strong operating platform and an extensive portfolio, PECO manages over 321 shopping centers. This includes 298 wholly-owned properties totaling 33.5 million square feet across 31 states, demonstrating the company’s robust national presence.
PECO centers are strategically located in strong markets and host a diverse array of tenants, including notable grocery anchors such as Kroger, Publix, Albertsons, and Ahold Delhaize. The company's ability to attract these essential retailers underscores its commitment to providing significant community resources.
PECO’s Commitment to Community and Investors
At the core of PECO’s strategy is the enhancement of community value through the development of grocery-anchored shopping experiences. Each shopping center is designed to meet the needs of the neighborhoods they serve, creating a mix of necessary products and services that promote community wellbeing.
As PECO looks to the future, the focus remains on expanding its portfolio, optimizing property performance, and delivering shareholder value through strategic investment and management. The company is proactive in keeping investors informed through regular updates on its investor relations website, ensuring transparency and community engagement.
Frequently Asked Questions
What is the announced monthly dividend amount for PECO?
The monthly dividend amount for Phillips Edison & Company is $0.1025 per share.
When are the dividend payments scheduled?
Dividends are payable on specific dates, including June 3, July 1, and August 1, to stockholders of record prior to these dates.
Who are some of the elected directors at PECO?
PECO’s board of directors includes professionals such as Jeffrey S. Edison, Leslie T. Chao, and Elizabeth O. Fischer.
What is the significance of the non-binding advisory resolution?
The advisory resolution allows stockholders to express their opinions on the compensation of PECO’s named executive officers, promoting transparency.
How many shopping centers does PECO manage?
PECO manages 321 shopping centers, including 298 wholly-owned properties across 31 states.
About The Author
Contact Thomas Cooper privately here. Or send an email with ATTN: Thomas Cooper as the subject to contact@investorshangout.com.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.
