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flag Broadstone Net Lease announces $0.29 quarterly dividend, buoyed by strong earnings and increased investment stake.

flag Broadstone Net Lease Inc. (BNL) has announced a quarterly dividend of $0.29 per share, totaling an annualized dividend of $1.16, with a yield of 6.84%. flag The company, which recently reported better-than-expected earnings of $0.36 per share and $112.13 million in revenue, has seen Sei Investments increase its stake by 2.0% in the fourth quarter. flag Analysts expect BNL to cover future dividends with earnings, although it currently relies on its balance sheet. flag Shares opened at $16.97, with a market cap of $3.20 billion and a P/E ratio of 19.50.

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