Lineage, Inc. (NASDAQ:LINE) Plans $0.53 Quarterly Dividend

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Thursday, December 18th. Investors of record on Wednesday, December 31st will be paid a dividend of 0.5275 per share on Wednesday, January 21st. This represents a c) dividend on an annualized basis and a dividend yield of 6.1%. The ex-dividend date of this dividend is Wednesday, December 31st.

Lineage Trading Down 1.4%

Shares of Lineage stock opened at $34.31 on Friday. The firm’s 50-day moving average price is $36.80 and its two-hundred day moving average price is $40.30. The company has a market capitalization of $7.83 billion, a price-to-earnings ratio of -43.43 and a beta of -0.16. The company has a quick ratio of 0.86, a current ratio of 0.99 and a debt-to-equity ratio of 0.76. Lineage has a 12-month low of $32.46 and a 12-month high of $62.30.

Lineage (NASDAQ:LINE) last posted its quarterly earnings results on Wednesday, November 5th. The company reported $0.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.07. The business had revenue of $1.38 billion for the quarter, compared to analyst estimates of $1.37 billion. Lineage had a negative net margin of 3.30% and a negative return on equity of 1.85%. The firm’s revenue for the quarter was up 3.1% on a year-over-year basis. During the same quarter last year, the business posted $0.90 EPS. On average, analysts forecast that Lineage will post 2.34 earnings per share for the current fiscal year.

About Lineage

Lineage, Inc is the world’s largest global temperature-controlled warehouse REIT with a network of over 480 strategically located facilities totaling over 84.1 million square feet and 3.0 billion cubic feet of capacity across countries in North America, Europe, and Asia-Pacific. Coupling end-to-end supply chain solutions and technology, Lineage partners with some of the world’s largest food and beverage producers, retailers, and distributors to help increase distribution efficiency, advance sustainability, minimize supply chain waste, and, most importantly, feed the world.