3 Days Left To Cash In On Northview Apartment Real Estate Investment Trust (TSE:NVU.UN) Dividend, Should You Buy?

Attention dividend hunters! Northview Apartment Real Estate Investment Trust (TSX:NVU.UN) will be distributing its dividend of CA$0.14 per share on the 15 May 2018, and will start trading ex-dividend in 3 days time on the 27 April 2018. Investors looking for higher income-generating stocks to add to their portfolio should keep reading, as I examine Northview Apartment Real Estate Investment Trust's latest financial data to analyse its dividend characteristics. View our latest analysis for Northview Apartment Real Estate Investment Trust

What Is A Dividend Rock Star?

It is a stock that pays a consistent, reliable and competitive dividend over a long period of time, and is expected to continue to pay in the same manner many years to come. More specifically:

It is paying an annual yield above 75% of dividend payers

It has paid dividend every year without dramatically reducing payout in the past

Its dividend per share amount has increased over the past

It is able to pay the current rate of dividends from its earnings

It has the ability to keep paying its dividends going forward

High Yield And Dependable

Northview Apartment Real Estate Investment Trust currently yields 6.42%, which is high for REITs stocks. But the real reason Northview Apartment Real Estate Investment Trust stands out is because it has a proven track record of continuously paying out this level of dividends, from earnings, to shareholders and can be expected to continue paying in the future. This is a highly desirable trait for a stock holding if you're investor who wants a robust cash inflow from your portfolio over a long period of time.

If there is one thing that you want to be reliable in your life, it's dividend stocks and their constant income stream. NVU.UN has increased its DPS from CA$1.48 to CA$1.63 in the past 10 years. It has also been paying out dividend consistently during this time, as you'd expect for a company increasing its dividend levels. This is an impressive feat, which makes NVU.UN a true dividend rockstar. The company currently pays out 39.24% of its earnings as a dividend, according to its trailing twelve-month data, which is rather low compared to other REITs. Generally, REITs are expected to pay out the majority of its earnings to provide a regular income stream for their investors. Going forward, analysts expect NVU.UN's payout to increase to 52.41% of its earnings, which leads to a dividend yield of 6.42%.

Next Steps:

Investors of Northview Apartment Real Estate Investment Trust can continue to expect strong dividends from the stock. With its favorable dividend characteristics, if high income generation is still the goal for your portfolio, then Northview Apartment Real Estate Investment Trust is one worth keeping around. However, given this is purely a dividend analysis, you should always research extensively before deciding whether or not a stock is an appropriate investment for you. I always recommend analysing the company's fundamentals and underlying business before making an investment decision. Below, I've compiled three relevant factors you should further research:

1. Future Outlook: What are well-informed industry analysts predicting for NVU.UN’s future growth? Take a look at our free research report of analyst consensus for NVU.UN’s outlook.
2. Valuation: What is NVU.UN worth today? Even if the stock is a cash cow, it's not worth an infinite price. The intrinsic value infographic in our free research report helps visualize whether NVU.UN is currently mispriced by the market.
3. Other Dividend Rockstars: Are there strong dividend payers with better fundamentals out there? Check out our free list of these great stocks here.

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Simply Wall St analyst Simply Wall St and Simply Wall St have no position in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.