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

Lineage, Inc. (NASDAQ:LINE) declared a quarterly dividend on Tuesday, September 15th. Investors of record on Wednesday, September 30th will be paid a dividend of 0.5325 per share on Wednesday, October 21st. This represents a c) annualized dividend and a dividend yield of 5.5%. The ex-dividend date of this dividend is Wednesday, September 30th.

Lineage Trading Down 0.6%

NASDAQ LINE opened at $38.49 on Wednesday. The firm has a market capitalization of $8.76 billion, a P/E ratio of -53.46 and a beta of 0.82. The business has a fifty day simple moving average of $41.26 and a 200 day simple moving average of $39.85. Lineage has a 12 month low of $31.33 and a 12 month high of $45.75. The company has a current ratio of 0.78, a quick ratio of 0.70 and a debt-to-equity ratio of 0.84.

Lineage (NASDAQ:LINE) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.22) by $0.98. Lineage had a negative net margin of 3.15% and a negative return on equity of 1.85%. The firm had revenue of $1.36 billion for the quarter, compared to the consensus estimate of $1.35 billion. During the same period in the previous year, the firm earned $0.81 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts predict that Lineage will post 2.5 EPS for the current fiscal year.

About Lineage

Lineage, Inc (NASDAQ: LINE) is a global real estate investment trust focused on temperature-controlled industrial properties and the food supply chain. The company owns, operates and develops a network of cold-storage facilities designed to preserve perishable products, including frozen and refrigerated food, from production through distribution and retail.

Lineage provides temperature-controlled warehousing, inventory management, transportation coordination and related supply-chain services.