Dividend Delight: Behind Phillips Edison's Sustained Growth The steady income plays that have been a mainstay of dividend investors' portfolios in recent years just got sweeter, thanks to Phillips Edison & Company's latest dividend hike.
The REIT's board raised its monthly payout by 6. 2%, to $0. 115 per share from $0. 1083.
This marks the sixth consecutive year the company has increased its dividend and the third straight time it's done so at a rate of over 5%.