Phillips Edison Raises Monthly Dividend 6.48%

Phillips Edison & Company increased its monthly dividend to $0.115 per share from $0.108, a 6.48% increase. The shares traded ex-dividend on Sept. 15, 2026.

The new distribution equates to an annual dividend of $1.38 per share. Based on a share price of $37.98, the forward annual yield is 3.59%. The increase extends the real estate company’s dividend-growth streak to four consecutive years.

Phillips Edison’s board approved the higher distribution as the company continued to report growth across its grocery-anchored shopping-center portfolio. In its second-quarter results, the company reported 8.1% year-over-year growth in Nareit funds from operations per diluted share and a 3.8% increase in same-center net operating income. Management also raised the midpoint of its full-year earnings guidance, citing continued retailer demand and leasing activity. Phillips Edison’s second-quarter results

The company specializes in neighborhood shopping centers anchored by supermarkets and other necessity-based retailers. As of June 30, 2026, Phillips Edison managed 330 centers totaling 37.4 million square feet. Grocery-anchored properties generated 94% of annualized base rent, while necessity-based neighboring tenants accounted for 74%, according to the company’s investor materials. Phillips Edison investor overview

The dividend announcement applies to common shareholders, with operating-partnership unit holders receiving distributions at the same rate, subject to applicable withholding. Company dividend announcement

What it means for income investors

The higher monthly rate raises the annualized cash-income run rate while preserving Phillips Edison’s monthly payment schedule. The company carries a dividend safety score of 66 out of 100, corresponding to a B grade. That assessment indicates a relatively sound payout profile, although it does not guarantee future distributions.

For shareholders focused on recurring income, the central change is straightforward: the monthly payment has increased while the forward yield stands at 3.59% at the stated share price. Future dividend decisions will remain subject to board approval and the company’s operating and financial performance.