Phillips Edison & Company, Inc. Common Stock (PECO)
Phillips Edison & Company, Inc. (PECO) is a real estate investment trust (REIT) focused on owning and operating grocery-anchored shopping centers across the United States. Founded in 1994, the company emphasizes acquiring, repositioning, and managing retail properties with strong local tenant bases, primarily in suburban markets. PECO aims to generate sustainable income and growth by leveraging its expertise in retail real estate and its focus on high-quality assets.
Dividend History
| Pay Date | Amount | Ex-Date | Record Date |
|---|---|---|---|
| $0.09 | 2023-01-13 | 2023-01-17 | |
| $0.09 | 2022-12-14 | 2022-12-15 | |
| November 4, 2025 | $0.11 | 2025-10-15 | 2025-10-15 |
| October 1, 2025 | $0.11 | 2025-09-15 | 2025-09-15 |
| September 3, 2025 | $0.10 | 2025-08-15 | 2025-08-15 |
Dividends Summary
- The most recent dividend was paid 21 days ago, on October 1, 2025
- The highest dividend payed out to investors during this period was $0.11 per share
- The average dividend paid during this period was $0.10 per share.
Company News
Phillips Edison & Company announced a 5.7% increase in monthly dividend distributions, raising the annualized rate to $1.30 per share, marking their fifth consecutive annual dividend increase.
Phillips Edison & Company, a major owner and operator of grocery-anchored shopping centers, has priced a public offering of $350 million in senior unsecured notes due 2032. The company plans to use the proceeds for general corporate purposes, including repaying debt and acquiring additional properties.
US equity markets rebounded from their worst weekly decline in a year despite a continued uplift in benchmark interest rates. Learn more about the REIT markets here.
The headline numbers for Phillips Edison & Company (PECO) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
