HomeCo Daily Needs REIT Dividends and Buybacks
Dividend criteria checks 3/6
HomeCo Daily Needs REIT is a dividend paying company with a current yield of 6.97% that is well covered by earnings. Next payment date is on 22nd November, 2024 with an ex-dividend date of 27th September, 2024.
Key information
7.0%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | 7.3% |
| Dividend Growth | 14.2% |
| Next dividend pay date | 22 Nov 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | AU$0.085 |
| Payout ratio | 93% |
Recent dividend and buyback updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: HDN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: HDN's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| HomeCo Daily Needs REIT Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (HDN) | 7.0% |
| Market Bottom 25% (AU) | 2.6% |
| Market Top 25% (AU) | 6.0% |
| Industry Average (Retail REITs) | 5.5% |
| Analyst forecast (HDN) (up to 3 years) | 7.3% |
Notable Dividend: HDN's dividend (6.97%) is higher than the bottom 25% of dividend payers in the Australian market (2.63%).
High Dividend: HDN's dividend (6.97%) is in the top 25% of dividend payers in the Australian market (6.01%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (92.9%), HDN's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its high cash payout ratio (104.6%), HDN's dividend payments are not well covered by cash flows.