Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) Increases Dividend to $0.37 Per Share

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) declared a quarterly dividend on Friday, July 19th, NASDAQ reports. Stockholders of record on Friday, August 2nd will be paid a dividend of 0.368 per share by the financial services provider on Wednesday, August 14th. This represents a $1.47 annualized dividend and a dividend yield of 8.94%. The ex-dividend date of this dividend is Thursday, August 1st. This is a boost from Landmark Infrastructure Partners LP Unit’s previous quarterly dividend of $0.34.

Landmark Infrastructure Partners LP Unit has increased its dividend by an average of 11.6% per year over the last three years and has increased its dividend annually for the last 3 consecutive years. Landmark Infrastructure Partners LP Unit has a payout ratio of 237.1% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Landmark Infrastructure Partners LP Unit to earn $0.61 per share next year, which means the company may not be able to cover its $1.47 annual dividend with an expected future payout ratio of 241.0%.

Landmark Infrastructure Partners LP Unit stock traded up $0.07 during midday trading on Wednesday, hitting $16.46. 51,690 shares of the company were exchanged, compared to its average volume of 112,561. The company has a debt-to-equity ratio of 1.69, a quick ratio of 1.93 and a current ratio of 1.93. Landmark Infrastructure Partners LP Unit has a fifty-two week low of $10.32 and a fifty-two week high of $17.54. The business has a fifty day simple moving average of $16.61 and a two-hundred day simple moving average of $15.73. The firm has a market capitalization of $417.08 million, a PE ratio of 28.88, a price-to-earnings-growth ratio of 6.38 and a beta of 0.90.

Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK) last issued its quarterly earnings data on Wednesday, August 7th. The financial services provider reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. Landmark Infrastructure Partners LP Unit had a return on equity of 8.75% and a net margin of 193.25%. The company had revenue of $15.03 million for the quarter, compared to analyst estimates of $15.02 million. As a group, equities analysts expect that Landmark Infrastructure Partners LP Unit will post 0.51 earnings per share for the current year.

LMRK has been the topic of a number of research analyst reports. ValuEngine downgraded Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. BidaskClub downgraded Landmark Infrastructure Partners LP Unit from a “strong-buy” rating to a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research cut Landmark Infrastructure Partners LP Unit from a “buy” rating to a “hold” rating in a research note on Tuesday, July 30th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $18.00.

About Landmark Infrastructure Partners LP Unit

Landmark Infrastructure Partners LP engages in the acquisition, ownership, and management of portfolio of real property interests. It operates through the following business segments: Wireless Communication, Outdoor Advertising, and Renewable Power Generation. The Wireless Communication segment involves the leasing real property interests to companies in the wireless communication industry.

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Dividend History for Landmark Infrastructure Partners LP Unit (NASDAQ:LMRK)

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