Phillips Edison & Company Declares Quarterly Dividends; Increases Monthly Dividend Distribution by 5.7%
1. PECO announced a 5.7% dividend increase, effective October 1 and November 4. 2. The new dividend rate is $0.1083 per share, up from $1.23 to $1.30 annually. 3. CEO Jeff Edison emphasized PECO's strong operating performance and growth. 4. This marks PECO's fifth consecutive annual dividend increase. 5. PECO operates 327 shopping centers, focusing on necessity-based retail.