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 5.9% that is well covered by earnings. Next payment date is on 6th December, 2024 with an ex-dividend date of 29th November, 2024.
Key information
5.9%
Dividend yield
0.2%
Buyback Yield
| Total Shareholder Yield | 6.1% |
| Future Dividend Yield | 6.1% |
| Dividend Growth | 0.7% |
| Next dividend pay date | 06 Dec 24 |
| Ex dividend date | 29 Nov 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) | 5.9% |
| Market Bottom 25% (CA) | 1.8% |
| Market Top 25% (CA) | 6.1% |
| Industry Average (Retail REITs) | 6.0% |
| Analyst forecast (REI.UN) (up to 3 years) | 6.1% |
Notable Dividend: REI.UN's dividend (5.9%) is higher than the bottom 25% of dividend payers in the Canadian market (1.78%).
High Dividend: REI.UN's dividend (5.9%) is low compared to the top 25% of dividend payers in the Canadian market (6.13%).
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.