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

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

Industrial Logistics Properties Trust has decreased its dividend payment by an average of 68.8% annually over the last three years. Industrial Logistics Properties Trust has a 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

ILPT remained flat at $3.58 during midday trading on Friday. The company’s stock had a trading volume of 125,923 shares, compared to its average volume of 269,620. The company has a debt-to-equity ratio of 4.13, a quick ratio of 4.53 and a current ratio of 4.53. The firm has a fifty day simple moving average of $3.62 and a two-hundred day simple moving average of $4.21. The stock has a market capitalization of $236.78 million, a PE ratio of -2.28 and a beta of 1.83. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45.

Industrial Logistics Properties Trust Company Profile

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.