Franklin Street Properties Corp. (NYSEAMERICAN:FSP) announced a dividend on Friday, July 5th, Fidelity reports. Stockholders of record on Friday, July 19th will be paid a dividend of 0.09 per share by the real estate investment trust on Thursday, August 8th. The ex-dividend date is Thursday, July 18th.
Franklin Street Properties has decreased its dividend payment by an average of 15.4% annually over the last three years. Franklin Street Properties has a payout ratio of 37.5% indicating that its dividend is sufficiently covered by earnings.
NYSEAMERICAN FSP opened at $7.59 on Wednesday. Franklin Street Properties has a twelve month low of $5.87 and a twelve month high of $9.22.
A number of brokerages recently commented on FSP. Zacks Investment Research downgraded ExlService from a “hold” rating to a “sell” rating in a report on Wednesday, July 10th. BMO Capital Markets reissued a “hold” rating and issued a $45.00 price target on shares of SAP in a report on Wednesday, May 1st.
About Franklin Street Properties
Franklin Street Properties Corp., based in Wakefield, Massachusetts, is focused on investing in institutional-quality office properties in the U.S. FSP's strategy is to invest in select urban infill and central business district (CBD) properties, with primary emphasis on our five core markets of Atlanta, Dallas, Denver, Houston, and Minneapolis.
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