Pro Real Estate Investment Trust Dividends and Buybacks
Dividend criteria checks 4/6
Pro Real Estate Investment Trust is a dividend paying company with a current yield of 7.8% that is well covered by earnings. Next payment date is on 15th November, 2024 with an ex-dividend date of 31st October, 2024.
Key information
7.8%
Dividend yield
0.5%
Buyback Yield
| Total Shareholder Yield | 8.3% |
| Future Dividend Yield | 7.8% |
| Dividend Growth | -2.5% |
| Next dividend pay date | 15 Nov 24 |
| Ex dividend date | 31 Oct 24 |
| Dividend per share | CA$0.450 |
| Payout ratio | 91% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: PRV.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: PRV.UN's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| Pro Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (PRV.UN) | 7.8% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.2% |
| Industry Average (REITs) | 6.9% |
| Analyst forecast (PRV.UN) (up to 3 years) | 7.8% |
Notable Dividend: PRV.UN's dividend (7.8%) is higher than the bottom 25% of dividend payers in the Canadian market (1.77%).
High Dividend: PRV.UN's dividend (7.8%) is in the top 25% of dividend payers in the Canadian market (6.17%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (91.4%), PRV.UN's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (90.9%), PRV.UN's dividend payments are covered by cash flows.