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Phillips Edison & Company (NASDAQ:PECO) is one of the nation's largest owners and operators of omnichannel grocery-anchored shopping centers.
The 52-week range of Phillips Edison stock price was $30.64 to $39.08.
Phillips Edison's stock dividend yield is 3.25%. During the last 12 months, it paid $1.23 per share in dividends.
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The Latest On Phillips Edison
On Oct. 24, the company announced its Q3 2024 earnings, posting GAAP EPS of $0.62, in line with expectations and revenues of $161.78 million, below the Street estimate of $162.94 million, as reported by Benzinga.
The company updated 2024 Nareit FFO and Core FFO guidance to $2.35 to $2.39 per diluted share and $2.40 to $2.44 per diluted share, respectively. The midpoint of full-year 2024 Nareit FFO guidance represents 5.3% year-over-year growth and the midpoint of full-year 2024 Core FFO guidance represents 3.4% year-over-year growth.
It also increased same-center NOI year-over-year by 3.2%.
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How Can You Earn $100 Per Month As A Phillips Edison Investor?
If you want to make $100 per month – $1,200 annually – from Phillips Edison dividends, your investment value needs to be approximately $36,923, which is around 977 shares at $37.81 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.25% in this case). So, $1,200 / 0.0325 = $36,923 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).