Phillips Edison & Company, Inc. (NASDAQ: PECO) has declared a 5.7% increase to its monthly dividend distributions payable on October 1, 2025, and November 4, 2025, to common stockholders of record as of September 15, 2025, and October 15, 2025, respectively. The board approved the distribution at a rate of $0.1083 per share of the company’s common stock, representing an annualized rate of $1.30 per share, which is a 5.7% increase over the previous annualized rate of $1.23 per share.
This marks the fifth consecutive annual dividend distribution increase and the second consecutive increase over 5% for Phillips Edison & Company. Jeff Edison, the chairman, and chief executive officer of PECO, attributed the dividend increase to the company's continued strength of operating performance and growth of high-quality cash flows.
As of June 30, 2025, PECO 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. PECO is focused on creating omni-channel, grocery-anchored shopping experiences and improving communities.
Investors can find additional information on the company's website and follow PECO on various social media platforms for updates. As a result of these announcements, the company's shares have moved 0.95% on the market, and are now trading at a price of $35.19. Check out the company's full 8-K submission here.
