Primaris Real Estate Investment Trust is a dividend paying company with a current yield of 6.19% that is well covered by earnings. Next payment date is on 15th May, 2024 with an ex-dividend date of 29th April, 2024.
Key information
6.2%
Dividend yield
50%
Payout ratio
Industry average yield
6.6%
Next dividend pay date
15 May 24
Ex dividend date
29 Apr 24
Dividend per share
n/a
Earnings per share
CA$1.06
Dividend yield forecast in 3Y
4.7%
Recent dividend updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, PMZ.UN has been paying a dividend for less than 10 years.
Growing Dividend: PMZ.UN's dividend payments have increased, but the company has only paid a dividend for 2 years.
Dividend Yield vs Market
Primaris Real Estate Investment Trust Dividend Yield vs Market
How does PMZ.UN dividend yield compare to the market?
Segment
Dividend Yield
Company (PMZ.UN)
6.2%
Market Bottom 25% (CA)
1.9%
Market Top 25% (CA)
6.5%
Industry Average (Retail REITs)
6.6%
Analyst forecast in 3 Years (PMZ.UN)
4.7%
Notable Dividend: PMZ.UN's dividend (6.19%) is higher than the bottom 25% of dividend payers in the Canadian market (1.92%).
High Dividend: PMZ.UN's dividend (6.19%) is low compared to the top 25% of dividend payers in the Canadian market (6.49%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (50.1%), PMZ.UN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (48.7%), PMZ.UN's dividend payments are well covered by cash flows.