Franklin Street Properties Corp. to Issue Quarterly Dividend of $0.01 (NYSE:FSP)

Franklin Street Properties Corp. (NYSE:FSP) announced a quarterly dividend on Tuesday, April 8th, Wall Street Journal reports. Investors of record on Thursday, April 17th will be paid a dividend of 0.01 per share on Thursday, May 8th. This represents a $0.04 annualized dividend and a yield of 2.53%. The ex-dividend date of this dividend is Thursday, April 17th.

Franklin Street Properties has decreased its dividend payment by an average of 51.9% per year over the last three years. Franklin Street Properties has a payout ratio of -12.5% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Franklin Street Properties to earn $0.11 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 36.4%.

Franklin Street Properties Stock Performance

Shares of FSP stock opened at $1.58 on Thursday. The company’s fifty day moving average price is $1.82 and its 200-day moving average price is $1.82. The stock has a market cap of $163.64 million, a PE ratio of -3.16 and a beta of 0.74. The company has a current ratio of 2.20, a quick ratio of 2.20 and a debt-to-equity ratio of 0.38. Franklin Street Properties has a 12 month low of $1.45 and a 12 month high of $2.21.

Franklin Street Properties (NYSE:FSP) last announced its quarterly earnings data on Tuesday, February 11th. The company reported ($0.08) earnings per share for the quarter. Franklin Street Properties had a negative return on equity of 7.79% and a negative net margin of 43.90%. During the same quarter in the previous year, the firm posted $0.03 earnings per share. On average, equities analysts expect that Franklin Street Properties will post 0.12 EPS for the current fiscal year.

About Franklin Street Properties

Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on infill and central business district (CBD) office properties in the U.S. Sunbelt and Mountain West, as well as select opportunistic markets. FSP seeks value-oriented investments with an eye towards long-term growth and appreciation, as well as current income.