Granite Real Estate Investment Trust Dividend
Dividend criteria checks 5/6
Granite Real Estate Investment Trust is a dividend paying company with a current yield of 4.95% that is well covered by earnings.
Key information
4.9%
Dividend yield
64%
Payout ratio
Industry average yield | 3.6% |
Next dividend pay date | n/a |
Ex dividend date | n/a |
Dividend per share | n/a |
Earnings per share | CA$3.43 |
Dividend yield forecast in 3Y | 5.0% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: GRT.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: GRT.UN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Granite Real Estate Investment Trust Dividend Yield vs Market |
---|
Segment | Dividend Yield |
---|---|
Company (GRT.UN) | 4.9% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.4% |
Industry Average (Industrial REITs) | 3.6% |
Analyst forecast in 3 Years (GRT.UN) | 5.0% |
Notable Dividend: GRT.UN's dividend (4.95%) is higher than the bottom 25% of dividend payers in the Canadian market (1.87%).
High Dividend: GRT.UN's dividend (4.95%) is low compared to the top 25% of dividend payers in the Canadian market (6.4%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (64%), GRT.UN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (66.5%), GRT.UN's dividend payments are covered by cash flows.