Morguard North American Residential Real Estate Investment Trust Dividends and Buybacks
Dividend criteria checks 5/6
Morguard North American Residential Real Estate Investment Trust is a dividend paying company with a current yield of 4.17% that is well covered by earnings. Next payment date is on 16th December, 2024 with an ex-dividend date of 29th November, 2024.
Key information
4.2%
Dividend yield
2.3%
Buyback Yield
| Total Shareholder Yield | 6.4% |
| Future Dividend Yield | 4.3% |
| Dividend Growth | -3.1% |
| Next dividend pay date | 16 Dec 24 |
| Ex dividend date | 29 Nov 24 |
| Dividend per share | CA$0.760 |
| Payout ratio | 29% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
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) | 4.2% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (Residential REITs) | 3.4% |
| Analyst forecast (MRG.UN) (up to 3 years) | 4.3% |
Notable Dividend: MRG.UN's dividend (4.17%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).
High Dividend: MRG.UN's dividend (4.17%) is low compared to the top 25% of dividend payers in the Canadian market (6.16%).
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 (45.9%), MRG.UN's dividend payments are well covered by cash flows.