Morguard North American Residential Real Estate Investment Trust Dividend
Dividend criteria checks 5/6
Morguard North American Residential Real Estate Investment Trust is a dividend paying company with a current yield of 3.96% that is well covered by earnings.
Key information
4.0%
Dividend yield
29%
Payout ratio
| Industry average yield | 3.0% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CA$0.740 |
| Earnings per share | CA$3.79 |
| Dividend yield forecast | 4.1% |
Recent dividend updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MRG.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: MRG.UN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Morguard North American Residential Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MRG.UN) | 4.0% |
| Market Bottom 25% (CA) | 1.7% |
| Market Top 25% (CA) | 5.8% |
| Industry Average (Residential REITs) | 3.0% |
| Analyst forecast (MRG.UN) (up to 3 years) | 4.1% |
Notable Dividend: MRG.UN's dividend (3.96%) is higher than the bottom 25% of dividend payers in the Canadian market (1.71%).
High Dividend: MRG.UN's dividend (3.96%) is low compared to the top 25% of dividend payers in the Canadian market (5.85%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (29.3%), MRG.UN's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (46.1%), MRG.UN's dividend payments are well covered by cash flows.