Granite Real Estate Investment Trust Dividends and Buybacks
Dividend criteria checks 3/6
Granite Real Estate Investment Trust is a dividend paying company with a current yield of 4.6% that is well covered by earnings. Next payment date is on 16th December, 2024 with an ex-dividend date of 27th November, 2024.
Key information
4.6%
Dividend yield
1.5%
Buyback Yield
| Total Shareholder Yield | 6.1% |
| Future Dividend Yield | 4.7% |
| Dividend Growth | n/a |
| Next dividend pay date | 16 Dec 24 |
| Ex dividend date | 27 Nov 24 |
| Dividend per share | CA$3.400 |
| Payout ratio | 62% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Too early to tell whether GRT.UN's dividend payments have been stable as they only just started paying a dividend.
Growing Dividend: Too early to tell if GRT.UN's dividend payments are increasing as they only just started paying a dividend.
Dividend Yield vs Market
| Granite Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (GRT.UN) | 4.6% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Industrial REITs) | 3.6% |
| Analyst forecast (GRT.UN) (up to 3 years) | 4.7% |
Notable Dividend: GRT.UN's dividend (4.6%) is higher than the bottom 25% of dividend payers in the Canadian market (1.77%).
High Dividend: GRT.UN's dividend (4.6%) is low compared to the top 25% of dividend payers in the Canadian market (6.11%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (62.3%), GRT.UN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (62.1%), GRT.UN's dividend payments are covered by cash flows.