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 4.72% that is well covered by earnings. Next payment date is on 15th August, 2024 with an ex-dividend date of 31st July, 2024.
Key information
4.7%
Dividend yield
38%
Payout ratio
Industry average yield
3.1%
Next dividend pay date
15 Aug 24
Ex dividend date
31 Jul 24
Dividend per share
CA$0.679
Earnings per share
CA$3.09
Dividend yield forecast in 3Y
n/a
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, MHC.UN has been paying a dividend for less than 10 years.
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?
Segment
Dividend Yield
Company (MHC.UN)
4.7%
Market Bottom 25% (CA)
1.8%
Market Top 25% (CA)
6.3%
Industry Average (Residential REITs)
3.1%
Analyst forecast in 3 Years (MHC.UN)
n/a
Notable Dividend: MHC.UN's dividend (4.72%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: MHC.UN's dividend (4.72%) is low compared to the top 25% of dividend payers in the Canadian market (6.31%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (38.3%), MHC.UN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (42.2%), MHC.UN's dividend payments are well covered by cash flows.