JBG SMITH Declares a Quarterly Common Dividend of $0.175 Per Share
JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend.
- JBG SMITH (NYSE: JBGS), a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced that its Board of Trustees has declared a quarterly dividend of $0.175 per common share, a new indicated annual rate of $0.70 per share, a 22.2% reduction to the prior dividend.
- The dividend will be paid on March 15, 2024 to common shareholders of record as of March 1, 2024.
- Share buybacks are a form of capital return to investors, as are dividends.
- At our current discount to NAV, we believe buybacks are more accretive to our long-term NAV per share than excess (above taxable income) dividends.