Easterly Government Properties, Inc. (NYSE:DEA – Get Free Report) announced a quarterly dividend on Friday, April 26th, Zacks reports. Stockholders of record on Thursday, May 9th will be paid a dividend of 0.265 per share by the real estate investment trust on Tuesday, May 21st. This represents a $1.06 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Wednesday, May 8th.
Easterly Government Properties has increased its dividend by an average of 0.6% annually over the last three years. Easterly Government Properties has a payout ratio of 424.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Easterly Government Properties to earn $1.13 per share next year, which means the company should continue to be able to cover its $1.06 annual dividend with an expected future payout ratio of 93.8%.
Easterly Government Properties Stock Down 0.3 %
Shares of NYSE DEA opened at $11.69 on Friday. The stock has a market cap of $1.20 billion, a P/E ratio of 61.53 and a beta of 0.67. The company has a current ratio of 4.65, a quick ratio of 4.65 and a debt-to-equity ratio of 0.92. Easterly Government Properties has a 12-month low of $10.27 and a 12-month high of $15.21. The business’s fifty day simple moving average is $11.53 and its 200-day simple moving average is $11.97.
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Easterly Government Properties Company Profile
Easterly Government Properties, Inc (NYSE: DEA) is based in Washington, DC, and focuses primarily on the acquisition, development and management of Class A commercial properties that are leased to the U.S. Government. Easterly's experienced management team brings specialized insight into the strategy and needs of mission-critical U.S.
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