Broadstone Net Lease, Inc. (NYSE:BNL) Raises Dividend to $0.29 Per Share

Broadstone Net Lease, Inc. (NYSE:BNL) announced a quarterly dividend on Wednesday, February 18th. Stockholders of record on Tuesday, March 31st will be given a dividend of 0.2925 per share on Wednesday, April 15th. This represents a c) annualized dividend and a dividend yield of 6.0%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 0.9% increase from Broadstone Net Lease’s previous quarterly dividend of $0.29.

Broadstone Net Lease has a dividend payout ratio of 150.6% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Broadstone Net Lease to earn $1.45 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 80.0%.

Broadstone Net Lease Trading Down 1.6%

Shares of BNL opened at $19.53 on Thursday. The stock has a market cap of $3.70 billion, a PE ratio of 41.56 and a beta of 1.00. Broadstone Net Lease has a 1 year low of $13.96 and a 1 year high of $19.91. The stock has a 50 day simple moving average of $18.30 and a 200-day simple moving average of $18.12.

Broadstone Net Lease (NYSE:BNL) last announced its quarterly earnings results on Wednesday, February 18th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.01. Broadstone Net Lease had a return on equity of 2.93% and a net margin of 20.04%.Broadstone Net Lease has set its FY 2026 guidance at 1.530-1.57 EPS. On average, sell-side analysts forecast that Broadstone Net Lease will post 1.43 EPS for the current fiscal year.

Broadstone Net Lease Company Profile

Broadstone Net Lease, Inc (NYSE: BNL) is a publicly traded real estate investment trust focused on owning and operating single-tenant commercial properties under long-term net leases. The company specializes in acquiring properties that are leased to creditworthy tenants, allowing it to generate predictable, stable rental income while transferring most operating expenses and responsibilities to its lessees.

Broadstone Net Lease’s portfolio spans a variety of property types, including industrial facilities, distribution centers, manufacturing plants, life science and office buildings, and essential retail locations.