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

InvenTrust Properties Corp. (NYSE:IVT) declared a quarterly dividend on Friday, May 31st, Zacks reports. Investors 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 dividend on an annualized basis and a dividend yield of 3.69%. The ex-dividend date is Friday, June 28th.

InvenTrust Properties has increased its dividend payment 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 Performance

NYSE:IVT traded down $0.05 during trading hours on Wednesday, reaching $24.53. 66,393 shares of the company’s stock were exchanged, compared to its average volume of 327,878. The firm has a market capitalization of $1.67 billion, a price-to-earnings ratio of 244.80, a P/E/G ratio of 4.14 and a beta of 0.99. The company has a 50-day moving average of $24.81 and a 200 day moving average of $25.06. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.53. InvenTrust Properties has a 1-year low of $22.61 and a 1-year high of $27.25.

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.