VEREIT Inc. (NYSE:VER) will begin trading ex-dividend on September 29, 2020. The quarterly dividend payment of $ 0.077 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 4.87 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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VEREIT Inc. recently reported first quarter financial results on May 20, 2020, before market open, the Phoenix based company recorded income for the first quarter of $ 0.17 per share, from the revenue of $ 298.59 million. The quarterly earnings grew 240.00 percent while revenues reduced 3.64 percent compared with the same quarter last year.
Street analysts expected VEREIT Inc. recently reported first quarter financial results on May 20, 2020, before market open, the Phoenix based company to report income of $ 0.05 per share on revenue of $ 304.54 million for the first quarter. The bottom line results beat street analysts by $ 0.12 or 240.00 percent, at the same time, top line results fell short of analysts by $ 5.95 million or 1.95 percent.
Stock Performance
Shares of VEREIT Inc. traded up $ 0.20 or 3.26 percent on Friday, reaching $ 6.33 with volume of 8.52 million shares. VEREIT Inc. has traded high as $ 6.37 and has cracked $ 6.09 on the downward trend
According to the previous trading day, closing price of $ 6.33, representing a 72.19 % increase from the 52 week low of $ 3.56 and a 39.78 % decrease over the 52 week high of $ 10.18.
The company has a market capital of $ 6.82 billion and is part of the Real Estate sector and REIT – Diversified industry.
VEREIT is a full-service real estate operating company which owns and manages one of the largest portfolios of single-tenant commercial properties in the U.S. The Company has total real estate investments of $15.6 billion including approximately 4,000 properties and 94.7 million square feet. VEREITs business model provides equity capital to creditworthy corporations in return for long-term leases on their properties.
