Slate Grocery REIT Dividend
Dividend criteria checks 6/6
Slate Grocery REIT is a dividend paying company with a current yield of 10.65% 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
10.7%
Dividend yield
80%
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$0.25 |
Dividend yield forecast in 3Y | 10.7% |
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: SGR.UN's dividends per share have been stable in the past 10 years.
Growing Dividend: SGR.UN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
Slate Grocery REIT Dividend Yield vs Market |
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Segment | Dividend Yield |
---|---|
Company (SGR.UN) | 10.7% |
Market Bottom 25% (CA) | 1.9% |
Market Top 25% (CA) | 6.5% |
Industry Average (Retail REITs) | 6.6% |
Analyst forecast in 3 Years (SGR.UN) | 10.7% |
Notable Dividend: SGR.UN's dividend (10.65%) is higher than the bottom 25% of dividend payers in the Canadian market (1.94%).
High Dividend: SGR.UN's dividend (10.65%) is in the top 25% of dividend payers in the Canadian market (6.49%)
Earnings Payout to Shareholders
Earnings Coverage: At its current payout ratio (79.6%), SGR.UN's payments are covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonable cash payout ratio (68%), SGR.UN's dividend payments are covered by cash flows.