Minto Apartment Real Estate Investment Trust

TSX:MI.UN Stock Report

Mkt Cap: CA$866.9m

Minto Apartment Real Estate Investment Trust Dividend

What is Minto Apartment Real Estate Investment Trust current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage


3.61%

Current Dividend Yield

Upcoming Dividend Payment

TodaySep 25 2022Ex Dividend DateSep 28 2022Dividend Pay DateOct 14 202216 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

Dividend Yield vs Market

Notable Dividend: MI.UN's dividend (3.61%) is higher than the bottom 25% of dividend payers in the Canadian market (2.05%).

High Dividend: MI.UN's dividend (3.61%) is low compared to the top 25% of dividend payers in the Canadian market (5.95%).


Stability and Growth of Payments

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 4 years.


Earnings Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (35.3%), MI.UN's dividend payments are well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonably low cash payout ratio (40.5%), MI.UN's dividend payments are well covered by cash flows.


Discover strong dividend paying companies