Phillips Edison & Company, Inc. (NASDAQ:PECO) is recognized among the 10 Safest Monthly Dividend Stocks to Buy. CEO Jeffrey S. Edison reported a strong Q2 with a 4.2% rise in same-center NOI and an 8.5% increase in core FFO per share, attributing success to retailer partnerships and disciplined acquisitions.

Phillips Edison & Company, Inc. (NASDAQ:PECO) announced a 5.7% dividend hike to $0.1083 per share, marking consistent dividend payments since 2021. The stock boasts a dividend yield of 3.74%, making it a safe investment option. The company’s performance is attributed to its grocery-anchored and necessity-based strategy.

PECO acquired $133 million in assets in Q2, totaling $287 million year-to-date. The company reaffirmed full-year acquisition guidance of $350 million to $450 million. With a strong quarter and increased dividend, PECO remains a reliable option for investors seeking stable returns.

Read more at Yahoo Finance: Phillips Edison & Company’s (PECO) Dividend Consistency and its Standing Among the Safest Monthly Dividend Stocks