SITE Centers Corp. Plans Quarterly Dividend of $0.20 (SITC)

SITE Centers Corp. (NASDAQ:SITC) declared a quarterly dividend on Wednesday, November 14th, NASDAQ reports. Stockholders of record on Friday, December 14th will be given a dividend of 0.20 per share on Friday, January 4th. This represents a $0.80 annualized dividend and a dividend yield of 6.22%. The ex-dividend date is Thursday, December 13th.

Shares of SITC traded down $0.17 during mid-day trading on Friday, hitting $12.87. 2,226,115 shares of the company’s stock traded hands, compared to its average volume of 2,383,596. SITE Centers has a 1 year low of $10.95 and a 1 year high of $15.08.

SITE Centers (NASDAQ:SITC) last issued its quarterly earnings results on Wednesday, October 24th. The company reported ($0.09) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.01 by ($0.10). The company had revenue of $128.98 million during the quarter, compared to the consensus estimate of $149.46 million. The firm’s revenue for the quarter was down 41.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.30 earnings per share.

Separately, Capital One Financial raised SITE Centers from an “equal weight” rating to an “overweight” rating in a research note on Friday, November 30th.

TRADEMARK VIOLATION NOTICE: “SITE Centers Corp. Plans Quarterly Dividend of $0.20 (SITC)” was first posted by American Banking News and is the sole property of of American Banking News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.americanbankingnews.com/2018/12/08/site-centers-corp-plans-quarterly-dividend-of-0-20-sitc.html.

About SITE Centers

SITE is an owner and manager of open-air shopping centers that provide a highly-compelling shopping experience and merchandise mix for retail partners and consumers. The Company is a self-administered and self-managed REIT operating as a fully integrated real estate company, and is publicly traded on the New York Stock Exchange under the ticker symbol SITC.

Recommended Story: How interest rates affect municipal bond prices

Receive News & Ratings for SITE Centers Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for SITE Centers and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply