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 Yield | n/a |
| Future Dividend Yield | 7.1% |
| Dividend Growth | 3.9% |
| Next dividend pay date | 16 Dec 24 |
| Ex dividend date | 29 Nov 24 |
| Dividend per share | CA$1.850 |
| Payout ratio | 65% |
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 |
|---|
| Segment | Dividend 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.