EX-Dividend Schedule: Brixmor Property Group Raised its Dividend by 5.8%; Will Trade Ex-Dividend on January 03, 2018

LONDON, UK / ACCESSWIRE / January 02, 2018 / Active-Investors has a free review on Brixmor Property Group Inc. (NYSE: BRX) following the Company's announcement that it will begin trading ex-dividend on January 03, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 02, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on BRX:

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Dividend Declared

On October 27, 2017, Brixmor's Board of Directors declared a quarterly cash dividend of $0.275 per common share (equivalent to $1.10 per annum) for the fourth quarter of 2017, which represents a 5.8% increase. The dividend is payable on January 16, 2018, to stockholders of record on January 04, 2018, representing an ex-dividend date of January 03, 2018.

Brixmor's indicated dividend represents a yield of 5.96%, which is substantially above the average dividend yield of 4.04% for the financial sector.

Dividend Insights

Brixmor Property has a dividend payout ratio of 52.9%, which means that the Company distributes approximately $0.53 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.

According to analysts' estimates, Brixmor Property is forecasted to report earnings of $0.76 for the next year compared to the Company's annualized dividend of $1.10. One of the primary reasons for the difference between earnings and annualized dividend is that Brixmor Property is a Real Estate Investment Trust (REIT), 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.

Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the 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 which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, for the three months ended September 30, 2017 and 2016, Brixmor Property's net income attributable to common stockholders was $83.4 million, or $0.27 per diluted share, and $57.5 million, or $0.19 per diluted share, respectively. On the other hand, for the three months ended September 30, 2017 and 2016, the Company's NAREIT FFO was $157.2 million, or $0.52 per diluted share, and $154.9 million, or $0.51 per diluted share, respectively. The FFO indicates that the Company should be able to comfortably cover its dividend payout.

Recent Development for Brixmor

On December 06, 2017, Brixmor Property announced that it will release its 2017 fourth quarter earnings on February 12, 2018, after the market close. Brixmor Property will host a teleconference on February 13, 2018, at 10:00 AM ET.

About Brixmor Property Group Inc.

Brixmor Property Group is a leading owner and operator of high-quality, open-air shopping centers. The Company's approximately 500 retail centers comprise 84 million square feet in established trade areas across the United States and are supported by a diverse mix of highly productive non-discretionary and value-oriented retailers, as well as consumer-oriented service providers. Headquartered in New York City, Brixmor is a partner to more than 5,500 best-in-class national, regional and local tenants and is the largest landlord to The TJX Companies and The Kroger Company.

Stock Performance Snapshot

December 29, 2018 - At Friday's closing bell, Brixmor Property's stock was slightly up 0.97%, ending the trading session at $18.66.

Volume traded for the day: 1.44 million shares.

Stock performance in the last month – up 2.30%; and previous six-month period – up 4.36%

After last Friday's close, Brixmor Property's market cap was at $5.64 billion.

Price to Earnings (P/E) ratio was at 17.65.

The stock has a dividend yield of 5.89%.

The stock is part of the Financial sector, categorized under the REIT - Retail industry.

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