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Dividend Coverage: This Dividend Aristocrat has Raised Dividend for 49 Years; Will Trade Ex-Dividend on June 20, 2017

LONDON, UK / ACCESSWIRE / June 19, 2017 / Pro-Trader Daily takes a closer look at Federal Realty Investment Trust (NYSE: FRT) as the Company’s stock will begin trading ex-dividend on June 20, 2017. In order to capture the dividend payout, investors must purchase the stock one day before the ex-dividend date that is by latest June 19, 2017. Are you looking for research on dividend stocks, if so register with us now for your free membership at:

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Today, PRO-TD covers ex-dividend news on FRT. Get our free coverage by signing up at:

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Dividend Declared

On May 03, 2017, Federal Realty also announced that its Board of Trustees declared a regular quarterly cash dividend of $0.98 per common share, resulting in an indicated annual rate of $3.92 per common share. The regular common dividend will be payable on July 17, 2017, to common shareholders of record as of June 22, 2017.

Federal Realty’s indicated dividend represents a yield of 3.13%, marginally lower compared to the average dividend yield for the financial sector of 3.20%. The Company is paying the same regular dividend since August 2016.

Dividend Insights

Federal Realty has a dividend payout ratio of 66.4% which reflects that the Company distributes approximately $0.65 for every $1.00 earned. According to analysts’ estimates, Federal Realty is estimated to generate earnings of $3.44 per share in the coming year, which is above the Company’s annualized dividend of $3.92. One of the primary reasons for this is that REITs are structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.

As depreciation is a non-cash charge, it does not directly impact the dividend Companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization to earnings and subtracting any gains on sales to get an accurate picture of cash flow and a REITs ability to pay dividends. For e.g., Federal Realty’s net income for Q1 2017 was $0.78 per share, however the Company generated FFO of $1.45 for the same period, and it expects to generate FFO per diluted share in the range of $5.85 – $5.93 for FY17, which indicates that the Company should be able to sufficiently cover its dividend outflow.

About the Company

Federal Realty Investment Trust operates as a REIT specializing in the ownership, management, development, and redevelopment of high quality retail assets. As of June 30, 2005, it owned or had a majority interest in 103 community and neighborhood shopping centers, and retail mixed-use properties comprising approximately 17.4 million square feet located primarily in strategic metropolitan markets in the Northeast, Mid-Atlantic, and California.

Federal Realty has paid quarterly dividends to its shareholders continuously since its creation in 1962, and the Company has the longest consecutive record of annual dividend increases in the REIT industry. The Company is headquartered in Rockville, Maryland.

Recent Development for Federal Realty

On May 03, 2017, Federal Realty announced that the Company generated FFO available for common shareholders of $105.8 million, or $1.45 per diluted share, compared to FFO of $97.6 million, or $1.38 per diluted share, in Q1 2016.

In Q1 2017, Federal Realty’s same-center property operating income increased 4.3% when including properties that are being redeveloped and 1.0% when excluding those properties. The Company’s overall portfolio was 94.6% leased as of March 31, 2017, compared to 94.4% on December 31, 2016, and 94.1% on March 31, 2016. Federal Realty’s same center portfolio was 95.8% leased on March 31, 2017, compared to 95.7% on December 31, 2016, and 95.9% on March 31, 2016.

During Q1 2017, Federal Realty signed 114 leases for 591,765 square feet of retail space. On a comparable space basis, Federal Realty leased 523,869 square feet at an average cash basis contractual rent increase of 11%.

Stock Performance

On Friday, June 16, 2017, the stock closed the trading session at $125.37, falling 2.30% from its previous closing price of $128.32. A total volume of 935.87 thousand shares have exchanged hands, which was higher than the 3-month average volume of 545.46 thousand shares. Federal Realty Investment Trust’s stock price advanced 1.95% in the last month. The Company’s shares are trading at a PE ratio of 40.55 and have a dividend yield of 3.13%. At Friday’s closing price, the stock’s net capitalization stands at $9.27 billion.

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