Intel stock spikes after report of possible US government stake
CINCINNATI - Phillips Edison & Company, Inc. (NASDAQ:PECO), an owner and operator of grocery-anchored neighborhood shopping centers, announced Tuesday that its Board of Directors has declared a monthly dividend of $0.1025 per share of common stock.
The dividend will be payable on September 3, 2025, to stockholders of record as of August 15, 2025. Operating partnership unit holders will receive distributions at the same rate as common stockholders, subject to required tax withholding.
Phillips Edison & Company specializes in grocery-anchored retail centers across the United States. As of June 30, 2025, the company managed 327 shopping centers, including 303 wholly-owned centers comprising 34.0 million square feet across 31 states and 24 shopping centers owned in three institutional joint ventures.
The company’s top grocery anchors include Kroger, Publix, Albertsons and Ahold Delhaize.
Founded in 1991, Phillips Edison has built its business around a vertically-integrated operating platform focused on neighborhood shopping centers providing necessity-based goods and services.
This information is based on a press release statement issued by the company.
In other recent news, Phillips Edison & Company reported its second-quarter 2025 earnings, revealing mixed results. The company’s earnings per share (EPS) came in at $0.10, which was below the analysts’ forecast of $0.15, resulting in a 33.33% negative surprise. However, Phillips Edison & Company exceeded revenue expectations, reporting $177.75 million, which was a 2.01% positive surprise. Additionally, the company has updated the "Material U.S. Federal Income Tax Considerations" section in its Registration Statement on Form S-3. This update replaces the previous tax considerations outlined in the prospectus dated February 7, 2025. The updated information is included as Exhibit 99.1 in the current report and is incorporated by reference into the Registration Statement. No new financial statements or additional disclosures were provided in this filing. These developments reflect the company’s ongoing adjustments and financial performance in the market.
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