Vicinity Centres Dividends and Buybacks
Dividend criteria checks 3/6
Vicinity Centres is a dividend paying company with a current yield of 5.37% that is well covered by earnings.
Key information
5.4%
Dividend yield
0.03%
Buyback Yield
| Total Shareholder Yield | 5.4% |
| Future Dividend Yield | 6.1% |
| Dividend Growth | -1.3% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | AU$0.117 |
| Payout ratio | 83% |
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: VCX has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: VCX has only been paying a dividend for 9 years, and since then payments have fallen.
Dividend Yield vs Market
| Vicinity Centres Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (VCX) | 5.4% |
| Market Bottom 25% (AU) | 2.6% |
| Market Top 25% (AU) | 6.1% |
| Industry Average (Retail REITs) | 5.5% |
| Analyst forecast (VCX) (up to 3 years) | 6.1% |
Notable Dividend: VCX's dividend (5.37%) is higher than the bottom 25% of dividend payers in the Australian market (2.63%).
High Dividend: VCX's dividend (5.37%) is low compared to the top 25% of dividend payers in the Australian market (6.14%).
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (82.9%), VCX's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (77.6%), VCX's dividend payments are covered by cash flows.