Franklin Street Properties Corp. (FSP) to Issue Quarterly Dividend of $0.01 on February 12th

Franklin Street Properties Corp. (NYSE:FSP) declared a quarterly dividend on Friday, January 9th. Investors of record on Friday, January 23rd will be paid a dividend of 0.01 per share on Thursday, February 12th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Friday, January 23rd.

Franklin Street Properties has decreased its dividend by an average of 0.4%per year over the last three years. Franklin Street Properties has a payout ratio of -12.5% meaning 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 Franklin Street Properties to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 36.4%.

Franklin Street Properties Price Performance

FSP stock opened at $0.92 on Friday. The stock’s 50 day moving average price is $0.99 and its 200 day moving average price is $1.39. The firm has a market cap of $95.09 million, a P/E ratio of -1.83 and a beta of 0.97. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. Franklin Street Properties has a 1 year low of $0.85 and a 1 year high of $2.09.

Franklin Street Properties Company Profile

Franklin Street Properties Corp. is a real estate investment trust that focuses on acquiring, owning and managing single-tenant, net‐leased industrial properties. The company targets mission‐critical facilities, including distribution centers, manufacturing sites and corporate headquarters, structured under long‐term, triple‐net lease agreements. Its strategy emphasizes stable, predictable cash flows by investing in high‐quality industrial assets occupied by creditworthy tenants.

Headquartered in Bethesda, Maryland, Franklin Street Properties serves a national footprint with properties located in key logistics and industrial markets across the continental United States.