Easterly Government Properties Inc (DEA) to Issue Quarterly Dividend of $0.26
Easterly Government Properties Inc (NYSE:DEA) declared a quarterly dividend on Wednesday, February 21st, Zacks reports. Stockholders of record on Tuesday, March 13th will be paid a dividend of 0.26 per share by the real estate investment trust on Wednesday, March 28th. This represents a $1.04 dividend on an annualized basis and a dividend yield of 5.22%. The ex-dividend date of this dividend is Monday, March 12th.
Easterly Government Properties has a dividend payout ratio of 81.9% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Research analysts expect Easterly Government Properties to earn $1.41 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 73.8%.
Easterly Government Properties (NYSE DEA) opened at $19.93 on Friday. Easterly Government Properties has a 1 year low of $19.03 and a 1 year high of $22.32. The company has a debt-to-equity ratio of 0.73, a quick ratio of 1.94 and a current ratio of 1.94. The company has a market capitalization of $896.21, a price-to-earnings ratio of 15.82 and a beta of 0.58.
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About Easterly Government Properties
Easterly Government Properties, Inc is an internally managed real estate investment trust (REIT). The Company focuses on the acquisition, development and management of Class A commercial properties that are leased to the United States Government agencies. The Company leases its properties to such agencies through the United States General Services Administration (GSA).
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