SmartCentres Real Estate Investment Trust

TSX:SRU.UN Stock Report

Market Cap: CA$4.5b

SmartCentres Real Estate Investment Trust Dividends and Buybacks

Dividend criteria checks 6/6

SmartCentres Real Estate Investment Trust is a dividend paying company with a current yield of 7.13% that is well covered by earnings. Next payment date is on 16th December, 2024 with an ex-dividend date of 29th November, 2024.

Key information

7.1%

Dividend yield

n/a

Buyback Yield

Total Shareholder Yieldn/a
Future Dividend Yield7.1%
Dividend Growth3.9%
Next dividend pay date16 Dec 24
Ex dividend date29 Nov 24
Dividend per shareCA$1.850
Payout ratio65%

Recent dividend and buyback updates

Recent updates

Stability and Growth of Payments

Fetching dividends data

Stable Dividend: SRU.UN's dividends per share have been stable in the past 10 years.

Growing Dividend: SRU.UN's dividend payments have increased over the past 10 years.


Dividend Yield vs Market

SmartCentres Real Estate Investment Trust Dividend Yield vs Market
How does SRU.UN dividend yield compare to the market?
SegmentDividend Yield
Company (SRU.UN)7.1%
Market Bottom 25% (CA)1.8%
Market Top 25% (CA)6.2%
Industry Average (Retail REITs)6.0%
Analyst forecast (SRU.UN) (up to 3 years)7.1%

Notable Dividend: SRU.UN's dividend (7.13%) is higher than the bottom 25% of dividend payers in the Canadian market (1.76%).

High Dividend: SRU.UN's dividend (7.13%) is in the top 25% of dividend payers in the Canadian market (6.17%)


Earnings Payout to Shareholders

Earnings Coverage: With its reasonable payout ratio (64.8%), SRU.UN's dividend payments are covered by earnings.


Cash Payout to Shareholders

Cash Flow Coverage: At its current cash payout ratio (92.5%), SRU.UN's dividend payments are covered by cash flows.


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