Dream Residential Real Estate Investment Trust Dividend
Dividend criteria checks 4/6
Dream Residential Real Estate Investment Trust is a dividend paying company with a current yield of 7.68% that is well covered by earnings. Next payment date is on 15th October, 2024 with an ex-dividend date of 27th September, 2024.
Key information
7.7%
Dividend yield
41%
Payout ratio
| Industry average yield | 2.8% |
| Next dividend pay date | 15 Oct 24 |
| Ex dividend date | 27 Sep 24 |
| Dividend per share | CA$0.420 |
| Earnings per share | -CA$0.68 |
| Dividend yield forecast | n/a |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether DRR.UN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if DRR.UN's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Dream Residential Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (DRR.UN) | 7.7% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.8% |
| Industry Average (Residential REITs) | 2.8% |
| Analyst forecast (DRR.UN) (up to 3 years) | n/a |
Notable Dividend: DRR.UN's dividend (7.68%) is higher than the bottom 25% of dividend payers in the Canadian market (1.74%).
High Dividend: DRR.UN's dividend (7.68%) is in the top 25% of dividend payers in the Canadian market (5.84%)
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (41.5%), DRR.UN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (39.2%), DRR.UN's dividend payments are well covered by cash flows.