InvenTrust Properties Corp. Plans Quarterly Dividend of $0.23 (NYSE:IVT)

InvenTrust Properties Corp. (NYSE:IVT) declared a quarterly dividend on Friday, May 31st, Zacks reports. Shareholders of record on Sunday, June 30th will be given a dividend of 0.226 per share on Monday, July 15th. This represents a $0.90 annualized dividend and a yield of 3.70%. The ex-dividend date is Friday, June 28th.

InvenTrust Properties has increased its dividend by an average of 65.6% annually over the last three years. InvenTrust Properties has a dividend payout ratio of 910.0% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect InvenTrust Properties to earn $1.82 per share next year, which means the company should continue to be able to cover its $0.91 annual dividend with an expected future payout ratio of 50.0%.

InvenTrust Properties Stock Down 0.5 %

Shares of IVT stock traded down $0.12 during trading hours on Wednesday, reaching $24.46. 78,561 shares of the company’s stock were exchanged, compared to its average volume of 327,957. InvenTrust Properties has a 1 year low of $22.61 and a 1 year high of $27.25. The stock has a market cap of $1.66 billion, a PE ratio of 244.80, a PEG ratio of 4.14 and a beta of 0.99. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.53. The stock’s fifty day moving average price is $24.81 and its two-hundred day moving average price is $25.06.

InvenTrust Properties Company Profile

InvenTrust Properties Corp. (the "Company," "IVT," or "InvenTrust") is a premier Sun Belt, multi-tenant essential retail REIT that owns, leases, redevelops, acquires and manages grocery-anchored neighborhood and community centers as well as high-quality power centers that often have a grocery component.