Lineage, Inc. (NASDAQ:LINE – Get Free Report) declared a quarterly dividend on Friday, March 13th. Shareholders of record on Tuesday, March 31st will be given a dividend of 0.5325 per share on Tuesday, April 21st. This represents a c) annualized dividend and a yield of 6.7%. The ex-dividend date of this dividend is Tuesday, March 31st. This is a 0.9% increase from Lineage’s previous quarterly dividend of $0.53.
Lineage Stock Performance
NASDAQ LINE opened at $31.80 on Friday. The company has a quick ratio of 0.71, a current ratio of 0.80 and a debt-to-equity ratio of 0.79. Lineage has a fifty-two week low of $31.76 and a fifty-two week high of $59.77. The business has a fifty day moving average of $37.42 and a 200-day moving average of $37.37. The stock has a market cap of $7.22 billion, a price-to-earnings ratio of -73.95 and a beta of -0.42.
Lineage (NASDAQ:LINE – Get Free Report) last posted its quarterly earnings data on Wednesday, February 25th. The company reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.73 by ($0.70). The company had revenue of $1.34 billion for the quarter, compared to analyst estimates of $1.38 billion. Lineage had a negative net margin of 1.87% and a negative return on equity of 1.06%. The firm’s revenue was down .2% on a year-over-year basis. During the same period in the previous year, the business earned $0.83 EPS. As a group, analysts predict that Lineage will post 2.34 earnings per share for the current fiscal year.
About Lineage
Lineage Logistics, Inc (NASDAQ: LINE) is a leading provider of temperature-controlled industrial real estate and supply chain solutions. The company specializes in refrigerated and frozen storage, transportation, and ancillary services designed to support the global perishable goods industry. From food manufacturers and distributors to retailers and foodservice operators, Lineage offers tailored temperature management solutions that help clients optimize inventory turnover, reduce waste, and maintain product quality throughout the cold chain.
Lineage’s core services include ambient, refrigerated and frozen warehousing, cross-docking, transloading, and dedicated transportation.
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