Phillips Edison & Company Announces Monthly Dividend
CINCINNATI — Phillips Edison & Company, Inc. (NASDAQ: PECO), recognized as one of the leading owners and operators of grocery-anchored neighborhood shopping centers in the nation, has declared an exciting monthly dividend distribution. Stockholders can expect a payout of $0.1025 per share, reflecting the company's robust performance and commitment to its investors.
Key Dividend Details
The Board of Directors has confirmed that the dividend will be payable on several upcoming dates: December 3, January 3, February 4, and March 4. To be eligible for these dividends, stockholders must be on record as of November 15, December 16, January 15, and February 18 respectively.
Operating Partnership Unit Holders
Importantly, holders of operating partnership units will receive distributions at the same rate as common stockholders. This approach is consistent with the company's strategy of maintaining equitable and beneficial terms for all its investors.
About Phillips Edison & Company
Founded in 1991, Phillips Edison & Company has carved out a prominent position within the retail real estate sector. The company specializes in the management of high-quality shopping centers that are primarily grocery-anchored, catering to essential consumer needs. With a national footprint that includes an impressive 311 shopping centers across various states, PECO's portfolio totals approximately 32.9 million square feet of retail space.
Retail Partners
The shopping centers managed by PECO are home to a mix of national and regional retailers, providing fundamentally necessary goods and services throughout the United States. Notable grocery anchors in their centers include major retailers such as Kroger, Publix, Albertsons, and Ahold Delhaize. This strategic tenant mix ensures vibrant shopping environments that attract consistent consumer traffic.
Commitment to Investors
PECO is dedicated to enhancing investor relations and ensuring that all stakeholders are well-informed about ongoing developments and financial performance. As part of its commitment to transparency, the company utilizes its investor website as a primary portal for sharing non-public information and updates.
Looking Ahead
With a focus on sustainable growth and community development, Phillips Edison & Company continues to seek opportunities that align with its mission of improving neighborhood shopping experiences across the country. The company’s strategy involves embracing innovative practices that not only optimize its current portfolio but also enhance the overall retail landscape.
Staying Connected with PECO
Investors and interested parties can stay connected with Phillips Edison & Company through various platforms. They actively engage with their audience on social media channels including Twitter, Facebook, Instagram, and LinkedIn, ensuring their community remains informed about exciting news and updates.
Frequently Asked Questions
What is the recent dividend declared by Phillips Edison & Company?
The recent dividend declared is $0.1025 per share of common stock.
When will the dividends be payable?
The dividends will be payable on December 3, January 3, February 4, and March 4.
Who is eligible for the dividend payments?
Stockholders of record as of November 15, December 16, January 15, and February 18 will be eligible for the dividend payments.
What types of retail anchors does PECO work with?
PECO’s centers feature a mix of retail anchors including major grocery brands such as Kroger, Publix, Albertsons, and Ahold Delhaize.
How does PECO communicate with its investors?
PECO communicates with its investors through its investor website and social media platforms, sharing updates and critical information regularly.
