Urban Edge Properties (NYSE:UE) announced a quarterly dividend on Wednesday, November 8th, Wall Street Journal reports. Stockholders of record on Friday, December 15th will be paid a dividend of 0.22 per share by the real estate investment trust on Friday, December 29th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.50%. The ex-dividend date is Thursday, December 14th.
Urban Edge Properties has a dividend payout ratio of 65.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Urban Edge Properties to earn $1.45 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 60.7%.
Shares of Urban Edge Properties (UE) traded up $0.24 on Wednesday, hitting $25.13. The stock had a trading volume of 558,100 shares, compared to its average volume of 620,010. The company has a market cap of $2,832.92, a P/E ratio of 18.71 and a beta of 0.61. The company has a current ratio of 7.58, a quick ratio of 7.58 and a debt-to-equity ratio of 1.36. Urban Edge Properties has a 12-month low of $23.13 and a 12-month high of $28.90.
Urban Edge Properties Company Profile
Urban Edge Properties is a real estate investment trust. The Company is focused on managing, developing, redeveloping and acquiring retail real estate in urban communities, in the New York metropolitan region. Urban Edge Properties LP (UELP or the Operating Partnership) serves as its partnership subsidiary and owns, through affiliates, all of its real estate properties and other assets.
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