Regency Centers boosts dividend by 6%, raising yield to 3.74%, despite high payout ratio.

Regency Centers, a national shopping center owner, increased its quarterly dividend to $0.71 per share, up from $0.67, marking a 3.74% annual yield. This is part of a three-year trend of 3.3% annual dividend increases. Despite a current payout ratio of 135.6%, analysts predict Regency will earn $4.47 per share next year, allowing it to sustain its dividend with a future ratio of 63.1%. The stock, currently at $75.37, has a "Buy" consensus rating with a $77.08 target price.

3 months ago
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