InterRent Real Estate Investment Trust Dividend
Dividend criteria checks 5/6
InterRent Real Estate Investment Trust is a dividend paying company with a current yield of 3.1% that is well covered by earnings.
Key information
3.1%
Dividend yield
39%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CA$0.378 |
| Earnings per share | -CA$0.011 |
| Dividend yield forecast | 3.4% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: IIP.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: IIP.UN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| InterRent Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (IIP.UN) | 3.1% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.8% |
| Industry Average (Residential REITs) | 3.0% |
| Analyst forecast (IIP.UN) (up to 3 years) | 3.4% |
Notable Dividend: IIP.UN's dividend (3.1%) is higher than the bottom 25% of dividend payers in the Canadian market (1.73%).
High Dividend: IIP.UN's dividend (3.1%) is low compared to the top 25% of dividend payers in the Canadian market (5.89%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (39.1%), IIP.UN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (70.7%), IIP.UN's dividend payments are covered by cash flows.