Pro Real Estate Investment Trust

TSX:PRV.UN Stock Report

Market Cap: CA$311.7m

Pro Real Estate Investment Trust Dividend

Dividend criteria checks 3/6

Pro Real Estate Investment Trust is a dividend paying company with a current yield of 8.72%. Next payment date is on 17th June, 2024 with an ex-dividend date of 31st May, 2024.

Key information

8.7%

Dividend yield

101%

Payout ratio

Industry average yield7.9%
Next dividend pay date17 Jun 24
Ex dividend date31 May 24
Dividend per sharen/a
Earnings per shareCA$0.057
Dividend yield forecast in 3Y8.7%

Recent dividend updates

Recent updates

Upcoming Dividend Payment

TodayMay 29 2024Ex Dividend DateMay 31 2024Dividend Pay DateJun 17 202417 days from Ex DividendBuy in the next 2 days to receive the upcoming dividend

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
How does PRV.UN dividend yield compare to the market?
SegmentDividend Yield
Company (PRV.UN)8.7%
Market Bottom 25% (CA)1.8%
Market Top 25% (CA)6.4%
Industry Average (REITs)7.9%
Analyst forecast in 3 Years (PRV.UN)8.7%

Notable Dividend: PRV.UN's dividend (8.72%) is higher than the bottom 25% of dividend payers in the Canadian market (1.88%).

High Dividend: PRV.UN's dividend (8.72%) is in the top 25% of dividend payers in the Canadian market (6.39%)


Earnings Payout to Shareholders

Earnings Coverage: With its high payout ratio (101.3%), PRV.UN's dividend payments are not well covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (88.4%), PRV.UN's dividend payments are covered by cash flows.


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