AHH - EX-Dividend Schedule: Armada Hoffler Properties Boosted its Dividend By 5.3%; Will Trade Ex-Dividend on March 27 2018
LONDON, UK / ACCESSWIRE / March 26, 2018 / Active-Investors has a free review on Armada Hoffler Properties, Inc. (NYSE: AHH) ("Armada Hoffler") following the Company's announcement that it will begin trading ex-dividend on March 27, 2018. In order to capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on March 26, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on AHH:
www.active-investors.com/registration-sg/?symbol=AHH
If your portfolio includes dividend stocks, you have come to the right place for timely information. All you need to do is sign up for your free membership at:
www.active-investors.com/registration-sg
Dividend Declared
On February 22, 2018, Armada Hoffler announced that its Board of Directors declared a cash dividend of $0.20 per common share for the first quarter of 2018. This represents a 5.3% increase over the prior quarter's cash dividend. The first quarter dividend will be paid in cash on April 05, 2018, to stockholders of record on March 28, 2018.
Armada Hoffler's indicated dividend represents a yield of 6.02%, which is substantially higher than to the average dividend yield of 3.72% for the financial sector. The Company's recent dividend hike represents the fourth increase in four years, totaling 25% of dividend growth during that period.
Dividend Insights
Armada Hoffler has a dividend payout ratio of 77.7%, which means that the Company distributes approximately $0.77 for every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Armada Hoffler is forecasted to report earnings of $0.34 per share for the next year compared to the Company's annualized dividend of $0.80 per share. One of the primary reasons for the difference between earnings and annualized dividend is that Armada Hoffler is a Real Estate Investment Trust (REIT) which is structured by law to distribute at least 90% of earnings. Moreover, since REITs generate income from owning portfolios of investment real estate, they are likely to have higher depreciation charges.
Since depreciation is a non-cash charge, it does not directly impact the ability of dividend the companies can distribute. For this reason, Fund from Operations (FFO) is calculated by adding depreciation and amortization (D&A) to earnings and subtracting any gains on sales which then provides a better picture of any company's profitability and capacity to pay and to sustain dividends. For instance, Armada Hoffler reported net income of $5.8 million, or $0.09 per diluted share, for the quarter ended December 31, 2017, compared to net income of $5.1 million, or $0.09 per diluted share, for the quarter ended December 31, 2016.
On the other hand, Armada Hoffler posted normalized FFO of $14.5 million, or $0.23 per diluted share, for Q4 2017 compared to Normalized FFO of $13.7 million, or $0.25 per diluted share, for Q4 2016. The Company reported FFO of $15.1 million, or $0.24 per diluted share, for Q4 2017 compared to FFO of $14.7 million, or $0.27 per diluted share, for Q4 2016. Armada Hoffler's FFO number indicates that the Company should be able to comfortably cover its dividend payout.
Recent Development for Armada Hoffler
On March 05, 2018, Armada Hoffler announced that its Board of Directors unanimously approved and adopted the following corporate governance enhancements.
- In an uncontested election, each director nominee will be now required to receive a majority of the votes cast in order to be elected to the Board. For contested elections, directors will continue to be elected by a plurality of the votes cast.
- The Company's stockholders will now have the concurrent right with the Board to amend the Bylaws, subject to certain conditions.
Stock Performance Snapshot
March 16, 2018 - At Friday's closing bell, Armada Hoffler's stock fell 2.70%, ending the trading session at $12.97.
Volume traded for the day: 504.09 thousand shares, which was above the 3-month average volume of 317.02 thousand shares.
After last Friday's close, Armada Hoffler's market cap was at $835.40 million.
Price to Earnings (P/E) ratio was at 29.21.
The stock has a dividend yield of 6.17%.
The stock is part of the Financial sector, categorized under the Financial industry.
Active-Investors:
Active-Investors (A-I) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and Canadian stocks. A-I has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
A-I has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@active-investors.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by A-I. A-I is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
NO WARRANTY
A-I, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. A-I, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, A-I, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither A-I nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit http://active-investors.com/legal-disclaimer/.
CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@active-investors.com
Phone number: 73 29 92 6381
Office Address: 6, Jalan Kia Peng, Kuala Lumpur, 50450 Kuala Lumpur, Wilayah Persekutuan Kuala Lumpur, Malaysia
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Active-Investors