RioCan Real Estate Investment Trust Dividends and Buybacks
Dividend criteria checks 3/6
RioCan Real Estate Investment Trust is a dividend paying company with a current yield of 6.02% that is well covered by earnings. Next payment date is on 8th January, 2025 with an ex-dividend date of 31st December, 2024.
Key information
6.0%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 6.2% |
| Future Dividend Yield | 6.2% |
| Dividend Growth | 0.8% |
| Next dividend pay date | 08 Jan 25 |
| Ex dividend date | 31 Dec 24 |
| Dividend per share | CA$1.110 |
| Payout ratio | 62% |
Recent dividend and buyback updates
Recent updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: REI.UN's dividend payments have been volatile in the past 10 years.
Growing Dividend: REI.UN's dividend payments have fallen over the past 10 years.
Dividend Yield vs Market
| RioCan Real Estate Investment Trust Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (REI.UN) | 6.0% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.4% |
| Industry Average (Retail REITs) | 6.1% |
| Analyst forecast (REI.UN) (up to 3 years) | 6.2% |
Notable Dividend: REI.UN's dividend (6.02%) is higher than the bottom 25% of dividend payers in the Canadian market (1.81%).
High Dividend: REI.UN's dividend (6.02%) is low compared to the top 25% of dividend payers in the Canadian market (6.45%).
Earnings Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (61.7%), REI.UN's dividend payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: At its current cash payout ratio (90.7%), REI.UN's dividend payments are covered by cash flows.
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Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/12/22 01:28 |
| End of Day Share Price | 2024/12/20 00:00 |
| Earnings | 2024/09/30 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
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| Market Prices | 30 years |
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| Ownership | 10 years |
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| Management | 10 years |
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| Key Developments | 10 years |
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* example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
Analysis Model and Snowflake
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Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .
Analyst Sources
RioCan Real Estate Investment Trust is covered by 17 analysts. 4 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Chu | Accountability Research Corporation |
| Michael Markidis | BMO Capital Markets Equity Research |
| Karine MacIndoe | BMO Capital Markets Equity Research |