Phillips Edison & Company Declares Monthly Dividend Distribution
Published / Modified Jul 31 2024
CSIMarket Team / CSIMarket.com
CINCINNATI, July 31, 2024 - Phillips Edison & Company, Inc.
(Nasdaq: PECO) (PECO), a prominent player in the grocery-anchored neighborhood shopping center space, has recently made an important announcement.
The company's Board of Directors has declared a monthly dividend distribution of $0.0975 per share of the Company's common stock.
Stockholders of record as of August 15, 2024, will receive the dividend payment on September 4, 2024.
Additionally, operating partnership unit holders will also enjoy distributions at the same rate as common stockholders.
Facts:
Phillips Edison & Company, Inc., a leading owner and operator of grocery-anchored neighborhood shopping centers, has declared a monthly dividend distribution of $0.0975 per share of its common stock.
This distribution will be made on September 4, 2024, for stockholders of record as of August 15, 2024.
Additionally, operating partnership unit holders will receive distributions at the same rate as common stockholders, subject to the required tax withholding.
Context:
As of the writing of this article, Phillips Edison & Company, Inc.
stands as one of the largest owners and operators of grocery-anchored neighborhood shopping centers in the nation.
With a strong presence in the market, the company has consistently delivered value to its shareholders through regular dividend distributions.
The recently declared monthly dividend distribution of $0.0975 per share further emphasizes the company's commitment to providing attractive returns to its loyal stockholders.
Conclusion:
The announcement of a monthly dividend distribution of $0.0975 per share by Phillips Edison & Company, Inc.
showcases the company's dedication to rewarding its shareholders.
As one of the nation's largest owners and operators of grocery-anchored neighborhood shopping centers, Phillips Edison & Company, Inc.
continues to be a reliable player in the market.
With stockholders of record as of August 15, 2024, set to receive the dividend payment on September 4, 2024, investors can look forward to reaping the benefits of their investment in the company.
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