Minto Apartment Real Estate Investment Trust Dividend
Dividend criteria checks 3/6
Minto Apartment Real Estate Investment Trust is a dividend paying company with a current yield of 3.3% 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
3.3%
Dividend yield
35%
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$2.92 |
| Dividend yield forecast in 3Y | 3.4% |
Recent dividend updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, MI.UN has been paying a dividend for less than 10 years.
Growing Dividend: MI.UN's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| Minto Apartment Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MI.UN) | 3.3% |
| Market Bottom 25% (CA) | 1.9% |
| Market Top 25% (CA) | 6.5% |
| Industry Average (Residential REITs) | 3.4% |
| Analyst forecast in 3 Years (MI.UN) | 3.4% |
Notable Dividend: MI.UN's dividend (3.3%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: MI.UN's dividend (3.3%) is low compared to the top 25% of dividend payers in the Canadian market (6.49%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (35.5%), MI.UN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (35.7%), MI.UN's dividend payments are well covered by cash flows.