Phillips Edison & Company announced that its Board of Directors approved a 5.7% increase to the monthly dividend distribution. The new rate is $0.1083 per share of common stock, payable on October 1, 2025, and November 4, 2025, to stockholders of record on specified dates.
When annualized, this increased distribution rate equates to $1.30 per share, representing a 5.7% increase over the previous annualized rate of $1.23 per share. This marks the company's fifth consecutive annual dividend distribution increase and its second consecutive increase exceeding 5%.
Chairman and CEO Jeff Edison stated that the dividend increase reflects the continued strength of PECO's operating performance and the growth of its high-quality cash flows. This move reinforces the company's commitment to providing shareholders with a favorable balance of defense, offense, and growing cash flow.
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