CBL & Associates Properties, Inc. (NYSE:CBL) declared a quarterly dividend on Friday, November 3rd, Wall Street Journal reports. Shareholders of record on Friday, December 29th will be given a dividend of 0.20 per share by the real estate investment trust on Tuesday, January 16th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 13.56%. The ex-dividend date is Thursday, December 28th.
CBL & Associates Properties has raised its dividend by an average of 5.2% per year over the last three years. CBL & Associates Properties has a payout ratio of 38.3% indicating that its dividend is sufficiently covered by earnings. Analysts expect CBL & Associates Properties to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.80 annual dividend with an expected future payout ratio of 39.6%.
CBL & Associates Properties (CBL) opened at $5.90 on Wednesday. CBL & Associates Properties has a 52-week low of $5.31 and a 52-week high of $11.92. The company has a debt-to-equity ratio of 3.39, a quick ratio of 0.53 and a current ratio of 0.53. The stock has a market cap of $982.12, a PE ratio of 9.37, a P/E/G ratio of 0.69 and a beta of 1.10.
About CBL & Associates Properties
CBL & Associates Properties, Inc is a self-managed, self-administered, integrated real estate investment trust. The Company owns, develops, acquires, leases, manages and operates regional shopping malls, open-air and mixed-use centers, outlet centers, associated centers, community centers and office properties.
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