LXP just announced their Sept dividend and, as expected, it stays the same a $11.5 cents per share. However, they raised their dividend each of the last two Decembers. So with their current earnings level, I'd say it is safe to bet they will increase the dividend again in December.
Listened to the CC. Not much to call exciting. They think a 9% percent increase in the divy is a lot--and I guess it would be if it hadn't been whacked so much over the prior two years. It may pay off in 3 years or so, but right now there is not much to be optomistic about. I had hoped for more but I guess it's better than if was 2 years ago.
One concern is the number of fully diluted shares outstanding. A big overhang from the 6% note from 2 years ago that will continue to adversely affect par share metrics.
Hard to believe dividend will increase before the company starts being able to report some profit. This is still a turnaround play. Good properties, lousy market. If the economy improves, this one will do well, if it stays stagnant, who knows what will happen to this one. Depends on how their key tenants do.
Wrong again, Fritzy! But I guess you're used to that by now. The real question is whether they wait another full year before announcing another increase in the dividend or will they up it in the middle of next year. Current dividend yield is 6.25% at $.50. They can easily afford to increase it to .60 next year based on current annualized ffo, so we should see a $10 pps sometime next year for a total return next year of around 30%.