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 yield | 6.4% |
Next dividend pay date | 15 Apr 24 |
Ex dividend date | 27 Mar 24 |
Dividend per share | n/a |
Earnings per share | CA$0.18 |
Dividend yield forecast in 3Y | 7.7% |
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 |
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Segment | Dividend 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.