Plaza Retail REIT Dividend

Dividend criteria checks 6/6

Plaza Retail REIT is a dividend paying company with a current yield of 7.7% that is well covered by earnings. Next payment date is on 15th April, 2024 with an ex-dividend date of 27th March, 2024.

Key information

7.7%

Dividend yield

73%

Payout ratio

Industry average yield6.4%
Next dividend pay date15 Apr 24
Ex dividend date27 Mar 24
Dividend per sharen/a
Earnings per shareCA$0.18
Dividend yield forecast in 3Y7.7%

Recent dividend updates

Recent updates

This Is Why Plaza Retail REIT's (TSE:PLZ.UN) CEO Compensation Looks Appropriate

May 20
This Is Why Plaza Retail REIT's (TSE:PLZ.UN) CEO Compensation Looks Appropriate

Plaza Retail REIT (TSE:PLZ.UN) Has Compensated Shareholders With A 7.5% Return On Their Investment

Mar 01
Plaza Retail REIT (TSE:PLZ.UN) Has Compensated Shareholders With A 7.5% Return On Their Investment

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: PLZ.UN's dividends per share have been stable in the past 10 years.

Growing Dividend: PLZ.UN's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

Plaza Retail REIT Dividend Yield vs Market
How does PLZ.UN dividend yield compare to the market?
SegmentDividend Yield
Company (PLZ.UN)7.7%
Market Bottom 25% (CA)2.0%
Market Top 25% (CA)6.3%
Industry Average (Retail REITs)6.4%
Analyst forecast in 3 Years (PLZ.UN)7.7%

Notable Dividend: PLZ.UN's dividend (7.7%) is higher than the bottom 25% of dividend payers in the Canadian market (1.98%).

High Dividend: PLZ.UN's dividend (7.7%) is in the top 25% of dividend payers in the Canadian market (6.36%)


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (73%), PLZ.UN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: With its reasonable cash payout ratio (73.8%), PLZ.UN's dividend payments are covered by cash flows.


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