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EPR Properties Declares Monthly Dividend for Common Shareholders

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EPR Properties (NYSE:EPR) has declared a monthly cash dividend of $0.275 per common share, payable on February 15, 2024. This represents an annualized dividend of $3.30 per common share.
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The declaration of a monthly cash dividend by EPR Properties is a significant event for shareholders and the market at large. Dividends are a direct way in which a company returns value to its shareholders and can be indicative of the company's current financial health and future performance expectations. An annualized dividend of $3.30 per common share can be attractive to income-focused investors, potentially influencing the stock's desirability in the market.

It's important to assess the sustainability of these dividends. This involves looking at the company's payout ratio, which is the proportion of earnings paid out as dividends to shareholders. A payout ratio that is too high might not be sustainable in the long run, whereas a lower ratio could suggest that the company has room to grow its dividends or reinvest in its operations. Additionally, the dividend yield, which is the dividend per share divided by the price per share, is a critical indicator of the investment's return relative to its price.

From a market research perspective, the impact of EPR Properties' dividend declaration can be multifaceted. Dividend announcements often signal to the market that a company is confident in its financial stability and profitability. Regular and consistent dividends can also enhance the company's reputation among investors as a reliable income stock, which can be particularly appealing during volatile or uncertain economic times.

Moreover, it's essential to consider the company's position within the real estate investment trust (REIT) industry. REITs are generally expected to pay out a majority of their taxable income as dividends and thus, their dividend policies are closely watched by investors. Any deviation from industry norms, either in dividend size or frequency, could signal underlying changes in the company's operational strategy or market conditions.

Examining the broader economic context is crucial when analyzing dividend announcements. Dividends are typically funded from a company's earnings, which are influenced by economic factors such as interest rates, inflation and economic growth. In a rising interest rate environment, for instance, the cost of debt increases, which could impact a company's ability to maintain or increase its dividends. Conversely, in a low-interest-rate environment, dividend-paying stocks can become more attractive as they may offer better returns than bonds or savings accounts.

The real estate sector, where EPR Properties operates, is particularly sensitive to interest rate changes. As an economist would note, if interest rates are expected to rise, the cost of borrowing for property purchases increases, potentially slowing down the real estate market and affecting the income of REITs. This, in turn, could impact their dividend payouts. Therefore, it is important for investors to consider not just the dividend announcement, but also the economic conditions that could affect future dividend sustainability.

KANSAS CITY, Mo.--(BUSINESS WIRE)-- EPR Properties (NYSE:EPR) today announced that its Board of Trustees has declared its monthly cash dividend to common shareholders. The dividend of $0.275 per common share is payable February 15, 2024 to shareholders of record on January 31, 2024. This dividend represents an annualized dividend of $3.30 per common share.

About EPR Properties

EPR Properties (NYSE:EPR) is the leading diversified experiential net lease real estate investment trust (REIT), specializing in select enduring experiential properties in the real estate industry. We focus on real estate venues which create value by facilitating out of home leisure and recreation experiences where consumers choose to spend their discretionary time and money. We have total assets of approximately $5.7 billion (after accumulated depreciation of approximately $1.4 billion) across 44 states. We adhere to rigorous underwriting and investing criteria centered on key industry, property and tenant level cash flow standards. We believe our focused approach provides a competitive advantage and the potential for stable and attractive returns. Further information is available at www.eprkc.com.

EPR Properties

Brian Moriarty

Vice President, Corporate Communications

brianm@eprkc.com | 816-472-1700

Source: EPR Properties

FAQ

What is the dividend amount declared by EPR Properties for common shareholders?

EPR Properties has declared a monthly cash dividend of $0.275 per common share.

When is the dividend payable to common shareholders?

The dividend is payable on February 15, 2024.

What is the annualized dividend per common share?

The annualized dividend is $3.30 per common share.

What is the record date for shareholders to receive the dividend?

Shareholders of record on January 31, 2024, will receive the dividend.

EPR Properties

NYSE:EPR

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EPR Stock Data

3.22B
73.96M
1.94%
76.66%
2.85%
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United States of America
KANSAS CITY

About EPR

epr properties (nyse:epr) is a specialty real estate investment trust (reit) that currently invests in three primary segments: entertainment, recreation and education. we focus on the white space that exists between traditional reits that are either highly diversified or highly specialized. epr properties maintains a specialized orientation complemented by diversification across and within segments. our strategy of investing in a limited number of segments allows us to focus our attention and develop greater depth of knowledge in our chosen segments but still enjoy some benefits of portfolio diversity. our independent thinking process for assessing segments allows us to identify opportunities that may be hidden in plain sight. our understanding of segment drivers allows us to isolate investments others may overlook and distinguish between real and perceived risk. knowledge supported by research is our strategic advantage. we are led by an experienced management team. through a value-ad