Ex-Dividend Alert: Whitestone REIT Has a Dividend Yield of 9.42%; Will Trade Ex-Dividend on June 01, 2018

LONDON, UK / ACCESSWIRE / May 31, 2018 / Active-Investors has a free review on Whitestone REIT (NYSE: WSR) following the Company’s announcement that it will begin trading ex-dividend on June 01, 2018. 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 May 31, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on WSR:

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Dividend Declared

On March 06, 2018, Whitestone announced that its Board of Trustees has declared a quarterly cash dividend for Q2 2018 of $0.285 per share on the Company’s common shares and Operating Partnership units. The second quarter dividend will be paid in three installments of $0.095 per share each month. For the month of June 2018, the dividend will be paid on June 13, 2018, to shareholders on record as of June 04, 2018.

Whitestone’s indicated dividend represents a yield of 9.42%, which is more than triple compared to the average dividend yield of 3.12% for the Financial sector.

Dividend Insights

Whitestone has a dividend payout ratio of 112.9%, which denotes that the Company spends approximately $1.12 for dividend distribution out of 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, Whitestone is forecasted to report earnings of $0.31 for the upcoming year compared to the Company’s annualized dividend of $1.14 per share. One of the primary reasons for the difference between earnings and annualized dividend is that Whitestone 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, for the first quarter 2018, net income attributable to Whitestone was $3.0 million and $0.07 per share compared to $1.4 million and $0.04 per share for Q1 2017.

On the other hand, Whitestone recorded Core FFO of $12.6 million, or $0.31 per share, for Q1 2018 compared to $10.2 million, or $0.32 per share, for Q1 2017. The FFO number indicates that the Company should be able to comfortably cover its dividend payout.

Recent Development for Whitestone

On May 17, 2018, Whitestone announced that, based on the preliminary vote count at the Company’s 2018 Annual Meeting of Shareholders, subject to the final certification of the voting results by the inspector of election, all three of Whitestone’s trustee nominees have been re-elected to the Whitestone Board of Trustees: Nandita V. Berry, Jack L. Mahaffey, and James C. Mastandrea.

In addition, based on the preliminary vote count and subject to the final certification of the voting results by the inspector of election, Whitestone announced that, at the Annual Meeting, its shareholders did not approve, on a non-binding advisory basis, the Company’s executive compensation, approved the ratification of Pannell Kerr Forster of Texas, P.C. as the Company’s auditor and approved on a non-binding basis a resolution to de-classify the Board.

Stock Performance Snapshot

May 30, 2018 – At Wednesday’s closing bell, Whitestone REIT’s stock was marginally up 0.90%, ending the trading session at $12.34.

Volume traded for the day: 375.39 thousand shares.

Stock performance in the last month – up 13.73%; and past twelve-month period – up 6.84%

After yesterday’s close, Whitestone REIT’s market cap was at $490.27 million.

Price to Earnings (P/E) ratio was at 50.16.

The stock has a dividend yield of 9.24%.

The stock is part of the Financial sector, categorized under the REIT – Retail industry. This sector was up 1.6% at the end of the session.

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