European Residential Real Estate Investment Trust Dividend
Dividend criteria checks 4/6
European Residential Real Estate Investment Trust is a dividend paying company with a current yield of 7.34% that is well covered by earnings. Next payment date is on 15th May, 2024 with an ex-dividend date of 29th April, 2024.
Key information
7.3%
Dividend yield
23%
Payout ratio
Industry average yield | 3.4% |
Next dividend pay date | 15 May 24 |
Ex dividend date | 29 Apr 24 |
Dividend per share | n/a |
Earnings per share | -CA$1.24 |
Dividend yield forecast in 3Y | 7.4% |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, ERE.UN has been paying a dividend for less than 10 years.
Growing Dividend: ERE.UN's dividend payments have increased, but the company has only paid a dividend for 5 years.
Dividend Yield vs Market
European Residential Real Estate Investment Trust Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (ERE.UN) | 7.3% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.6% |
Industry Average (Residential REITs) | 3.4% |
Analyst forecast in 3 Years (ERE.UN) | 7.4% |
Notable Dividend: ERE.UN's dividend (7.34%) is higher than the bottom 25% of dividend payers in the Canadian market (1.9%).
High Dividend: ERE.UN's dividend (7.34%) is in the top 25% of dividend payers in the Canadian market (6.57%)
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (23%), ERE.UN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (50.2%), ERE.UN's dividend payments are covered by cash flows.