Flagship Communities Real Estate Investment Trust

TSX:MHC.UN Stock Report

Market Cap: CA$510.8m

Flagship Communities Real Estate Investment Trust Dividend

Dividend criteria checks 3/6

Flagship Communities Real Estate Investment Trust is a dividend paying company with a current yield of 4.26% that is well covered by earnings. Next payment date is on 15th November, 2024 with an ex-dividend date of 31st October, 2024.

Key information

4.3%

Dividend yield

-15.5%

Buyback Yield

Total Shareholder Yield-11.2%
Future Dividend Yieldn/a
Dividend Growth12.6%
Next dividend pay date15 Nov 24
Ex dividend date31 Oct 24
Dividend per shareCA$0.838
Payout ratio38%

Recent dividend updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: MHC.UN has been paying a dividend for less than 10 years and during this time payments have been volatile.

Growing Dividend: MHC.UN's dividend payments have increased, but the company has only paid a dividend for 2 years.


Dividend Yield vs Market

Flagship Communities Real Estate Investment Trust Dividend Yield vs Market
How does MHC.UN dividend yield compare to the market?
SegmentDividend Yield
Company (MHC.UN)4.3%
Market Bottom 25% (CA)1.8%
Market Top 25% (CA)6.2%
Industry Average (Residential REITs)3.3%
Analyst forecast (MHC.UN) (up to 3 years)n/a

Notable Dividend: MHC.UN's dividend (4.26%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).

High Dividend: MHC.UN's dividend (4.26%) is low compared to the top 25% of dividend payers in the Canadian market (6.15%).


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (37.7%), MHC.UN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (35.2%), MHC.UN's dividend payments are well covered by cash flows.


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