Plymouth Industrial REIT, Inc. (NYSE:PLYM – Get Free Report) declared a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Monday, March 31st will be given a dividend of 0.24 per share on Wednesday, April 30th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 5.67%. The ex-dividend date is Monday, March 31st.
Plymouth Industrial REIT has a dividend payout ratio of 1,285.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Plymouth Industrial REIT to earn $1.95 per share next year, which means the company should continue to be able to cover its $0.90 annual dividend with an expected future payout ratio of 46.2%.
Plymouth Industrial REIT Stock Up 0.9 %
PLYM stock opened at $16.94 on Friday. The company has a quick ratio of 0.12, a current ratio of 0.12 and a debt-to-equity ratio of 1.42. Plymouth Industrial REIT has a fifty-two week low of $16.06 and a fifty-two week high of $24.71. The firm’s 50-day simple moving average is $16.80 and its 200 day simple moving average is $19.23. The stock has a market cap of $771.59 million, a PE ratio of 846.95 and a beta of 1.45.
Analyst Ratings Changes
Get Our Latest Research Report on PLYM
About Plymouth Industrial REIT
Plymouth Industrial REIT, Inc (NYSE: PLYM) is a full service, vertically integrated real estate investment company focused on the acquisition, ownership and management of single and multi-tenant industrial properties. Our mission is to provide tenants with cost effective space that is functional, flexible and safe.
Further Reading
- Five stocks we like better than Plymouth Industrial REIT
- Find and Profitably Trade Stocks at 52-Week Lows
- 3 Stocks With High ROE and Market-Beating Growth Potential
- What Are Dividend Champions? How to Invest in the Champions
- Ignore Reports, Apple Won’t Install Starlink with iOS 18.3
- What is Put Option Volume?
- Casey’s Uptrend Remains Strong—New Highs on the Horizon
Receive News & Ratings for Plymouth Industrial REIT Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Plymouth Industrial REIT and related companies with MarketBeat.com's FREE daily email newsletter.