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.

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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.

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