Washington Prime Group Inc (WPG) Announces Quarterly Dividend of $0.25
Washington Prime Group (NYSE:WPG) declared a quarterly dividend on Friday, August 8th, AR Network reports. Investors of record on Wednesday, August 27th will be given a dividend of 0.25 per share on Monday, September 15th. This represents a $1.00 dividend on an annualized basis and a yield of 5.38%. The ex-dividend date of this dividend is Monday, August 25th.
On the ratings front, analysts at SunTrust initiated coverage on shares of Washington Prime Group in a research note on Monday, July 21st. They set a “neutral” rating on the stock.
Shares of Washington Prime Group (NYSE:WPG) traded down 0.08% during mid-day trading on Friday, hitting $18.585. The stock had a trading volume of 188,073 shares. Washington Prime Group has a 52-week low of $18.47 and a 52-week high of $21.49. The stock has a 50-day moving average of $19.06 and a 200-day moving average of $19.. The company has a market cap of $2.884 billion and a price-to-earnings ratio of 16.70.
Washington Prime Group (NYSE:WPG) last announced its earnings results on Friday, August 8th. The company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.05. The company had revenue of $158.18 million for the quarter, compared to the consensus estimate of $160.60 million. On average, analysts predict that Washington Prime Group will post $0.83 earnings per share for the current fiscal year.
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