Analysis – Federal Realty Investment Trust Increases Dividend by 4%

FRT

Federal Realty Investment Trust announced a regular quarterly dividend of $0.98, a 4 percent increase from the prior rate of $0.94 per share. The dividend will be paid at the new higher rate on October 17, 2016, to shareholders of record at close of business on September 22, 2016.

Date Quarterly Dividend
9/22/2016 0.98
6/20/2016 0.94
3/16/2016 0.94
12/30/2015 0.94
9/18/2015 0.94
6/18/2015 0.87
3/18/2015 0.87
12/30/2014 0.87
9/18/2014 0.87
6/19/2014 0.78
3/19/2014 0.78
9/19/2013 0.78
6/19/2013 0.73
3/12/2013 0.73
12/28/2012 0.73
9/19/2012 0.73
6/20/2012 0.69
3/15/2012 0.69
12/29/2011 0.69
9/20/2011 0.69
6/21/2011 0.67
3/15/2011 0.67
12/30/2010 0.67
9/21/2010 0.67
6/22/2010 0.66
3/15/2010 0.66

Analysis of Valuation of Federal Realty Investment Trust (Symbol FRT).

Federal Realty is trading at the top of its average price/book value (P/BV) range.  Federal Realty is trading below its average historical dividend yield. 

Price 8/5/16 % Yield 5 Year Div. Growth Rate  BV    2016 P/BV Ratio 10 yr P/BV Low 10 yr P/BV  High 5 yr max Yield % 5 yr lowest Yield %
$164.43 2.38% 4% 25.70 6.40 1.94 6.40 3.77% 2.27%

Federal Realty Investment Trust Dividend Yield Chart (Click to enlarge)

FRT

Explanation:  Dividend growth financial stocks may be valued upon historical relative price/book value and current yield analysis. Dividend financial stocks trading at a low historical price/book value (P/BV) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/BV ratio stocks.  Max P/BV price target is based upon company reaching its highest historical P/BV ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years. Further information on dividend investing and evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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