Industrial Logistics Properties Trust (NASDAQ:ILPT) to Issue Quarterly Dividend of $0.01

Industrial Logistics Properties Trust (NASDAQ:ILPT) announced a quarterly dividend on Thursday, January 16th,NASDAQ Dividends reports. Stockholders of record on Monday, January 27th will be paid a dividend of 0.01 per share on Thursday, February 20th. This represents a $0.04 dividend on an annualized basis and a dividend yield of 1.12%. The ex-dividend date of this dividend is Monday, January 27th.

Industrial Logistics Properties Trust has decreased its dividend by an average of 68.8% annually over the last three years. Industrial Logistics Properties Trust has a dividend payout ratio of 9.5% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Industrial Logistics Properties Trust to earn $0.65 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 6.2%.

Industrial Logistics Properties Trust Stock Performance

NASDAQ:ILPT opened at $3.58 on Friday. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45. The stock’s 50 day moving average price is $3.61 and its two-hundred day moving average price is $4.21.

About Industrial Logistics Properties Trust

Industrial Logistics Properties Trust (Nasdaq: ILPT) is a real estate investment trust, or REIT, focused on owning and leasing high quality distribution and logistics properties. As of December 31, 2023, ILPT's portfolio consisted of 411 properties containing approximately 60 million rentable square feet located in 39 states.