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

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

Industrial Logistics Properties Trust has decreased its dividend by an average of 68.8% annually over the last three years. Industrial Logistics Properties Trust has a payout ratio of 9.5% meaning 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 Price Performance

Shares of Industrial Logistics Properties Trust stock remained flat at $3.58 during trading on Friday. The company had a trading volume of 125,923 shares, compared to its average volume of 269,620. The business’s 50-day simple moving average is $3.62 and its 200 day simple moving average is $4.21. Industrial Logistics Properties Trust has a 12-month low of $3.15 and a 12-month high of $5.45. The firm has a market capitalization of $236.78 million, a P/E ratio of -2.28 and a beta of 1.83. The company has a quick ratio of 4.53, a current ratio of 4.53 and a debt-to-equity ratio of 4.13.

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.