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

Franklin Street Properties Corp. (NYSE:FSP - Get Free Report) announced a quarterly dividend on Tuesday, April 8th, Wall Street Journal reports. Stockholders 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 dividend on an annualized basis and a dividend yield of 2.74%. The ex-dividend date is Thursday, April 17th.

Franklin Street Properties has decreased its dividend by an average of 51.9% annually over the last three years. Franklin Street Properties has a dividend payout ratio of -12.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Price Performance

Franklin Street Properties stock traded down $0.01 during midday trading on Friday, reaching $1.46. 407,346 shares of the stock were exchanged, compared to its average volume of 525,418. The company's fifty day moving average is $1.81 and its 200-day moving average is $1.82. The company has a debt-to-equity ratio of 0.38, a quick ratio of 2.20 and a current ratio of 2.20. Franklin Street Properties has a 52 week low of $1.36 and a 52 week high of $2.21. The firm has a market cap of $151.21 million, a PE ratio of -2.92 and a beta of 0.74.

Franklin Street Properties (NYSE:FSP - Get Free Report) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.08) earnings per share (EPS) for the quarter. Franklin Street Properties had a negative net margin of 43.90% and a negative return on equity of 7.79%. During the same period in the prior year, the business posted $0.03 EPS. On average, sell-side analysts forecast that Franklin Street Properties will post 0.12 EPS for the current year.

Franklin Street Properties Company Profile

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.