Getty Realty sets dividend of $0.47 per share for July

NEW YORK - Getty Realty Corp. (NYSE:GTY), a real estate investment trust (REIT) focusing on convenience and automotive retail properties, announced a cash dividend of $0.47 per common share, scheduled for distribution on July 10, 2025, to shareholders of record as of June 26, 2025. The dividend represents a compelling 6.6% yield, reflecting the company’s impressive track record of maintaining dividends for 31 consecutive years. InvestingPro data reveals that Getty has raised its dividend for 8 consecutive years, with several more key insights available to subscribers.

The company, which operates a portfolio of 1,118 freestanding properties across 42 states and Washington, D.C., specializes in net lease agreements. These arrangements typically involve tenants who are responsible for most property expenses, providing a steady income stream for the REIT. This business model has helped Getty achieve an exceptional 92.69% gross profit margin and maintain strong liquidity with a current ratio of 1.96.

This dividend announcement reflects the company’s ongoing financial strategy and commitment to delivering shareholder value. Dividends are a way for companies to distribute a portion of their earnings to shareholders, and they can be an important component of an investor’s return on investment.

Getty Realty’s portfolio as of December 31, 2024, showcases a diverse range of properties focused on single-tenant retail spaces, which has historically provided resilience against market fluctuations. The company’s focus on convenience and automotive retail sectors positions it within industries that often exhibit stable demand patterns. With a market capitalization of $1.58 billion and revenue growth of 9.44% in the last twelve months, Getty demonstrates solid market presence. For detailed analysis and valuation metrics, check out the comprehensive Pro Research Report available on InvestingPro.

Investors typically monitor dividend announcements closely as they can provide insights into a company’s financial health and management’s confidence in future cash flows. Getty Realty’s announcement may be perceived as a positive signal to the market, indicating the company’s ability to maintain its dividend payout. This is further supported by Getty’s "GOOD" Financial Health Score from InvestingPro, which evaluates multiple financial metrics to assess company stability.

This dividend declaration is based on a press release statement from Getty Realty Corp. and does not include any promotional commentary or speculative information. It presents the facts of the company’s dividend announcement, allowing investors to make informed decisions without the influence of marketing language or subjective interpretation.

In other recent news, Getty Realty has been the subject of attention from analysts at both UBS and JMP. UBS analyst Michael Goldsmith initiated coverage with a Neutral rating and a price target of $32.00, citing a balanced risk/reward profile. The analysis highlighted the company’s strong Convenience Store segment but noted challenges in the Car Wash portfolio due to competition and the impact of Zips Car Wash’s bankruptcy. Despite these concerns, UBS anticipates an acceleration in acquisitions for 2025, estimating $232 million.

Meanwhile, JMP analysts maintained a Market Outperform rating with a price target of $34.00, emphasizing Getty Realty’s efforts to diversify revenue streams and manage debt maturities effectively. The company’s strategic moves in broadening its market and sourcing deals directly were noted as contributing to higher investment yields. Additionally, Getty Realty’s dividend performance, with a yield of 6.1% and 11 consecutive years of increases, was highlighted as a positive factor. These developments indicate a focus on financial health and potential growth in the evolving market.

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