Franklin Street Properties Corp. (FSP) To Go Ex-Dividend on April 17th

Franklin Street Properties Corp. (NYSE:FSP) declared 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 2.67%. The ex-dividend date of this dividend is Thursday, April 17th.

Franklin Street Properties has decreased its dividend by an average of 51.9% per year over the last three years. Franklin Street Properties has a 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. 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 Up 2.7 %

Shares of NYSE:FSP opened at $1.50 on Tuesday. The company has a debt-to-equity ratio of 0.38, a current ratio of 2.20 and a quick ratio of 2.20. The stock has a market cap of $155.35 million, a P/E ratio of -3.00 and a beta of 0.74. Franklin Street Properties has a 1-year low of $1.36 and a 1-year high of $2.21. The firm has a fifty day moving average price of $1.80 and a 200 day moving average price of $1.82.

Franklin Street Properties (NYSE:FSP) last posted its quarterly earnings data on Tuesday, February 11th. The company reported ($0.08) 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 previous year, the company earned $0.03 EPS. Sell-side analysts predict 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.